The Abbreviation Tid Means Three Times a Day

question 71

True/False

The abbreviation tid means three times a day.

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Definitions:

Option Agreement

A subsidiary contract creating an obligation to hold an offer open for acceptance until the expiration of a specified time.

Lease

A secured arrangement whereby possession of the goods goes to the lessee, while the title to the goods remains with the lessor.

Interest

Money paid at a particular rate for the use of borrowed money, or the right or share someone has in a given asset or wealth.

Fee Simple

The most complete ownership interest one can have in real property, with the absolute right to use it, dispose of it, and inherit it, subject only to government restrictions.