Examlex
Which of the following statements is NOT true?
Foreclosures
The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home when the homeowner fails to make mortgage payments.
Checks and Balances
A system in which different parts of an organization or government have powers that affect and control the other parts, ensuring no single part can become too powerful.
President's Veto
The power of the President to refuse approval of a bill or joint resolution and thus prevent its enactment into law.
Coupon Rate
The yearly percentage rate of interest that is paid on a bond, relative to its nominal value.
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