A Result of Closed Adoption Is Where

question 71

Multiple Choice

A result of closed adoption is where:

• A) the birth records are legally sealed except for health information.
• B) the biological parents know of the adopting parents, but neither the child nor the adoptive parents have access to information about the biological parents.
• C) the biological parents have limited access to the child after adoption.
• D) the birth records are sealed to everyone except members of the legal system.

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Definitions:

Amortized

The gradual reduction of a debt over time by making regular payments that cover both principal and interest.

Held-To-Maturity

Held-to-maturity refers to investment securities that a company has the intent and ability to hold until a specified maturity date.

GAAP

A collection of norms and guidelines utilized in the United States for the purposes of financial reporting and accounting, known as the Generally Accepted Accounting Principles.

Available-For-Sale

A classification of financial assets indicating that they are not held for trading purposes nor intended to be held to maturity, but are available for sale if needed.