Loan Covenants

question 77

Multiple Choice

Loan covenants:

• A)describe the collateral of the loan.
• B)require the borrower to maintain certain financial characteristics.
• C)describe the lender's responsibilities.
• D)include all the above.

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Definitions:

Physical and Mental Disabilities

Impairments that significantly restrict one or more major life activities, including both bodily functions and mental conditions.

Equal Employment Opportunity (EEO) Law

Laws that prevent job discrimination based on race, color, sex, national origin, religion, age, equal pay, disability, and genetic information.

Subjective Criteria

Evaluation or judgment criteria based on personal opinions, interpretations, feelings, or judgments, rather than on objective data or evidence.

Pencil-and-Paper Tests

Traditional forms of assessments or examinations where responses are written or selected on paper, often used for educational or psychological testing.