Examlex

Solved

A Policy Which Fines Homeowners If They Use Too Much

question 56

Multiple Choice

A policy which fines homeowners if they use too much water is an example of a ________ policy.


Definitions:

Factoring

The practice of raising funds for a business through the sale of accounts receivable.

Finance Company

A business that provides loans to individuals or other companies, typically specializing in sectors like consumer finance, vehicle financing, or business loans.

SBA Express Program

A loan program offered by the U.S. Small Business Administration (SBA) that provides quicker financing solutions to small businesses with simplified paperwork.

Policy Loans

A loan made to a business by an insurance company, using the business’s insurance policy as collateral.

Related Questions