Which One of the Following Terms Applies to the Process

question 40

Multiple Choice

Which one of the following terms applies to the process of reducing mortgage principal over the life of a mortgage?

• A)mortgage amortization
• B)mortgage prepayment
• C)mortgage elimination
• D)mortgage securitization
• E)mortgage passthrough

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Definitions:

Motivate Employees

Strategies and practices designed to increase staff enthusiasm and drive, encouraging them to be more engaged and productive.

Motivational Factor

Elements that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject, and to exert persistent effort in attaining a goal.

Responsibility

The obligation, placed on employees through delegation, to perform assigned tasks satisfactorily and be held accountable for the proper execution of work.