Which Term Is Used to Identify a Bank's Requirement for the Borrower

question 84

Multiple Choice

Which term is used to identify a bank's requirement for the borrower to give the bank the right to seize certain assets if payments are not made as promised?

• A) Pledging accounts payable
• B) Open-book credit
• C) Pledging accounts receivable
• D) Collateral
• E) Trade acceptance

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Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has passed, used in behavioral psychology.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in learning and conditioning processes.

Creative Intelligence

The ability to produce new products, ideas, or innovative solutions to problems.

Divergent Thinking

A mode of thinking that encourages creative exploration of many possible solutions to a problem.