Value of Service Pricing Is Also Called

question 25

Multiple Choice

Value of service pricing is also called:

• A) charging a rate which includes a high profit
• B) charging what the traffic will bear
• C) charging a price which favors one mode over another
• D) charging a rate that has shown that shippers will use it to move their traffic

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Definitions:

Principal Debtor

The primary individual or entity responsible for repaying a debt or obligation under the terms of a loan agreement or financial contract.

Obligor

An obligor is a person or entity legally obliged to provide a benefit or payment to another in a contractual agreement.

Collateral Contracts

Collateral contracts are supplementary agreements made in addition to a primary contract, which impose additional obligations or conditions related to the primary contract's terms.

Guarantor

An individual or entity that agrees to be responsible for another's debt or contractual obligations if the original party fails to meet their terms.