Examlex
Which of the following best characterizes the term television literacy?
Pledged
Assets or collateral that a borrower offers to a lender to secure a loan, which the lender may seize if the loan is not repaid.
Default Risk
The risk of loss to a lender from the borrower’s failure to pay the full amount due including interest and principal.
Commercial Paper
An unsecured, short-term debt instrument issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.
Bank Loan
A sum of money lent by a bank to a borrower at an interest rate, which is to be repaid with interest according to the terms of the loan agreement.
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