A Clause in a Debt Contract Requiring That the Borrower

question 60

Multiple Choice

A clause in a debt contract requiring that the borrower purchase insurance against loss of the asset financed with the loan is called a

• A)collateral-insurance clause.
• B)prescription covenant.
• C)restrictive covenant.
• D)proscription covenant.

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Definitions:

Data Validation Criteria

Rules or conditions set for data entry in spreadsheet cells or database fields to ensure the accuracy and consistency of data.

Circle Invalid Data

A feature in data analysis and spreadsheet applications that visually marks data points that do not meet predefined validation criteria.

COUNTIF Function

An Excel function that counts the number of cells in a range that meet a single criterion; for example, counting the number of times a particular city appears in a list of cities.

Blank Cells

Empty spaces without data in a spreadsheet or table, often awaiting input or indicating the absence of applicable information.