The Failure to Make Required Payments on a Debt Is

question 82

Multiple Choice

The failure to make required payments on a debt is known as

• A) austerity.
• B) defiance.
• C) refinancing.
• D) defaulting.
• E) deferring.

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Definitions:

Warrant

An order authorizing a payment of money by another person to a third person. Also, an option to purchase a security. As a verb, the word means to defend; to guarantee; to enter into an obligation of warranty.

Equal Protection Clause

A provision in the Fourteenth Amendment of the U.S. Constitution prohibiting states from denying any person within its jurisdiction the equal protection of the laws.

Discriminate

To treat someone differently or less favorably on the basis of certain characteristics, such as race, age, or gender, often in a way that is unfair or illegal.

Ex Post Facto

A law that retroactively changes the legal consequences or status of actions that were committed before the enactment of the law.