Examlex
Which of the following statements is TRUE?
Technical Default
A situation where a borrower violates a term or condition of a loan agreement without causing financial harm to the lender.
Restricted Stock
A type of stock that is not fully transferable until certain conditions have been met, typically used as part of employee compensation packages.
Transferable
The quality of an asset that allows it to be passed or conveyed from one entity to another.
Forfeiture
The loss of any right, property, or money, usually because of a breach of legal obligation or failure to fulfill some condition.
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