What Do Getting Married,surviving a Tornado,and Dealing with a Long,congested

question 48

Multiple Choice

What do getting married,surviving a tornado,and dealing with a long,congested commute to work all have in common?

• A)They are all major life events.
• B)They are all catastrophes.
• C)They are all daily hassles.
• D)They are all stressors.

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Definitions:

Interest Rates

The cost of borrowing money or the reward for saving, usually expressed as a percentage of the principal amount annually.

Balloon Note

A type of loan that has a large or "balloon" payment due upon maturity, typically after a series of lower regular payments.

Maturity

The final payment date of a loan or financial instrument at which point the principal (and all remaining interest) is due to be paid.

Covenants

Agreements or promises in a formal loan or bond agreement that cover certain conditions, actions, or restrictions taken by the borrower.