MATCHING: -A Person Appointed by the Court to Oversee the Administration

question 18

Multiple Choice

MATCHING:
-A person appointed by the court to oversee the administration of a decedent's estate that is located in a foreign state

• A)special administrator
• B)administrator cum testamento annexo
• C)administrator de bonis non
• D)public administrator
• E)ancillary administrator
• F)Letters Testamentary
• G)Letters of Administration
• H)surety bond
• I)Decree of Distribution
• J)final account
• K)disclaimer

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Definitions:

Diversified

A strategy that involves spreading investments across various financial assets, industries, or other categories to reduce risk.

Market Risk

The risk of losses in investments due to factors that affect the overall performance of the financial markets.

Systematic Risk

The overall impact of market-wide phenomena on the value of investments, as opposed to risks that are specific to a particular investment.

Nondiversifiable Risk

Also known as systematic risk, it refers to the portion of an investment's risk that cannot be eliminated through diversification, affecting the entire market or economy.