Home-Based Businesses Will Find It Easy to Obtain Merchant Status

question 11

True/False

Home-based businesses will find it easy to obtain merchant status with individual credit card companies.

---

Definitions:

Chapter 7

A provision under the U.S. Bankruptcy Code that deals with liquidation, where a debtor's assets are sold to pay off creditors.

Discharge

The release or extinguishment of an obligation, debt, or liability; in legal contexts, it can refer to the dismissal of a case.

Granted

Given or allowed, often in response to a request.

Exempt

To free or release from an obligation, requirement, or other restriction, typically used in legal, financial, or regulatory contexts.