Match the Following Terms with Their Definitions

question 90

Multiple Choice

Match the following terms with their definitions.
-Biweekly

• A)Breakdown of principal and interest
• B)One-time up-front payment
• C)Mortgage payments rise in later years
• D)Loan
• E)Not fixed
• F)Can prevent foreclosures
• G)26 payments per year

---

Definitions:

Majority Vote

A decision rule in which more than half of the votes cast determine the outcome of an election or decision.

Discretion

The power or right to make decisions based on one's own judgment rather than following a strict rule or protocol.

Rules Of Agency

Guidelines governing the relationship between a principal and an agent, where the agent acts on behalf of the principal.

Officers

Officers are individuals charged with the management and operational duties within an organization, often holding specific titles and responsibilities.