If You Pledge Property or Other Assets as Collateral,you Will

question 32

True/False

If you pledge property or other assets as collateral,you will probably pay a higher interest rate on your loan than you would without collateral.

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Definitions:

AMEX

The American Stock Exchange, a stock exchange in the United States where stocks and options are traded.

Market Order

A buy or sell order to be executed immediately at current market prices.

Limit-Sell Order

A stock market order to sell a security when it reaches a certain price, used to lock in profits or limit losses.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account after a purchase has been made, to keep the account open.