Default May Be Entered If the

question 133

Multiple Choice

Default may be entered if the

• A) defendant fails to enter an appearance or otherwise file a responsive pleading in the prescribed time period.
• B) plaintiff fails to enter an appearance or otherwise file a responsive pleading in the prescribed time period.
• C) defendant files a responsive pleading but fails to enter an appearance in the prescribed time period.
• D) defendant is a minor and has no legal representation.

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Definitions:

Coupon Rate

The interest paid annually on a bond, indicated as a percentage of its face value.

Annually

Occurring once every year, often used to describe events or measurements that are taken or occur once per year.

Maturity

In finance, maturity is the time at which the principal amount of a bond, loan, or other debt instrument becomes due and payable.