Examlex
Which of the following is the best example of functional play?
Construction Loans
Short-term loans used to finance the building of a property, with funds released incrementally as construction progresses.
Mortgage Trust
A type of investment trust that pools mortgage loans, offering investors a share in the income generated from these mortgages.
REIT
Real estate investment trust, which is similar to a closed-end mutual fund. REITs invest in real estate or loans secured by real estate and issue shares in such investments.
Front-end Load
A fee or commission charged to an investor at the time of initial purchase of an investment, such as a mutual fund or insurance product, usually a percentage of the investment amount.
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