An Unsecured Loan Does Not Require a Borrower to Provide

question 93

True/False

An unsecured loan does not require a borrower to provide collateral to secure a loan.

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Definitions:

Business Combination

An event in which multiple entities combine to form a single entity, typically to enhance competitive positioning and operational efficiency.

Acquisition

The process of obtaining ownership or control of another company or business entity.

Deferred Tax Liability

It's a tax obligation that arises from income already earned and recorded for accounting purposes, but payment is deferred to the IRS until a future date.

Subsidiary

An entity that is controlled by a higher entity, usually through majority shareholding, and is included in the financial statements of the controlling entity through consolidation.