What Is a Profit-à-Prendre

question 62

Multiple Choice

What is a profit-à-prendre?

• A)a document that grants a person the right to remove something from another's real property
• B)a form of insurance obtained for losses caused by undiscovered defects in real property title
• C)a judicial proceeding where a certificate of title is awarded to the real owner to property
• D)a type of easement that grants a person a right to use another's land but disallows the usage of any personal property

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Definitions:

Payoff Profile

The graphical representation of the potential financial outcomes of an investment or trade at various prices of the underlying asset.

Financial Asset

Any asset that is cash, an equity instrument of another entity, a contractual right to receive cash or another financial asset, or a contractual right to exchange financial instruments under favorable conditions.

Price Changes

Alterations in the cost of goods or services over time, influenced by factors like supply, demand, and inflation.

Derivative Security

A derivative security is a financial instrument whose value is based on the performance of underlying assets, indexes, or other financial instruments.