An Interest in Personal Property or Fixtures That Secures Payment

question 57

Multiple Choice

An interest in personal property or fixtures that secures payment or performance of an obligation is ________.

• A) An approved interest.
• B) A secured interest.
• C) A secured transaction.
• D) A debt transaction.
• E) A security agreement.

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Definitions:

Variance

A statistical measurement of the dispersion of a set of data points, often used to quantify risk.

Investment

Utilizing financial resources with the anticipation of accruing income or profits.

Quarterly Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits on a quarterly basis.