What Are Restrictions That Impose Limits on the Actions of a Borrower

question 57

Multiple Choice

What are restrictions that impose limits on the actions of a borrower called?

• A)Conditions
• B)Collateral
• C)Covenants
• D)Chattels

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Definitions:

Genetic Factors

Components of an individual's DNA that contribute to their development, traits, and health, inherited from their parents.

Depression

An emotional wellness issue that is defined by a continuous feeling of sadness or a disinterest in pursuits, leading to considerable disruption in daily activities.

Work

Engaging in a task, job, or activity for the purpose of earning money, producing goods, or providing services.

Need the Money

A phrase indicating financial necessity, often used to explain the reason for seeking employment or engaging in certain activities for compensation.