If the Card Issuer Is Properly Notified of the Loss

question 13

Multiple Choice

If the card issuer is properly notified of the loss of a credit card, the cardholder's liability is limited to

• A) $25.
• B) $50.
• C) $100.
• D) $250.

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Definitions:

Net Income

The profit of a company after all expenses and taxes have been deducted from total revenue.

Noncumulative

Pertaining to dividends, a feature allowing a company not to pay dividends in arrears to its shareholders.

Treasury Stock

Equities that were once sold to investors and later re-purchased by the entity that issued them, effectively reducing the quantity of stocks traded publicly.

Par Value

Par value is a nominal value assigned to a security, such as a stock or bond, at issuance, often used to determine legal capital or accounting value rather than market value.