A Contract Pledging Title to Assets as Security for a Note

question 65

Multiple Choice

A contract pledging title to assets as security for a note or bond is known as a(an) :

• A)Sinking fund.
• B)Mortgage.
• C)Equity.
• D)Lease.
• E)Indenture.

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Definitions:

Expert Power

Influence and authority derived from possessing extensive knowledge or expertise in a particular area.

Referent Power

Influence based on being admired or respected, allowing individuals to persuade others because of their personality, integrity, or other attractive traits.

Coercive Power

The ability to influence others' behavior by threats, punishment, or negative reinforcement.

Reward Power

The ability of an individual to influence others' actions by controlling the allocation of rewards.