Match the Most Appropriate Term to the Definition

question 3

Multiple Choice

Match the most appropriate term to the definition.
-May be valid only if testator rightfully believed death was imminent

• A)per stirpes
• B)intestate
• C)personal representative
• D)spouse
• E)codicil
• F)incorporation by reference
• G)probate
• H)creditors
• I)witness
• J)petition
• K)will contest
• L)per capita
• M)forced share
• N)heir
• O)testate
• P)fiduciary
• Q)execute
• R)oral will
• S)revocation
• T)testamentary capacity

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Definitions:

Capital Account Deficit

Occurs when a country's total payments from its capital account transactions exceed its total receipts.

Goods Imports

The act of bringing in goods and services from a foreign country for trade or sale within a domestic market.

Net Investment Income

The profit from investments after deducting all related expenses, such as interest payments and fees.

Purchases of Assets

The acquisition of assets, such as property, equipment, or securities, by a company or individual as investments or for production purposes.