When Title Insurance Is Obtained, the Most Common Type of Deed

question 48

Multiple Choice

When title insurance is obtained, the most common type of deed used is the

• A) warranty deed.
• B) quitclaim deed.
• C) executor's deed.
• D) bargain and sale deed.

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Definitions:

Excess Funds

Surplus money available with an entity after all expenses and obligations have been met, which can be invested or saved for future use.

Ordering Costs

Expenses incurred in placing and receiving orders from suppliers, typically including costs related to processing, shipping, and receiving.

Inventory Held

The goods and materials that a business has in stock and available to sell at a given time.

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.