Match the Term with Its Definition

question 4

Multiple Choice

Match the term with its definition.
-Money loaned for a 5- to 10-year term, corresponding to the length of time the investment will bring in profits

• A)asset-based loan
• B)basis point
• C)equipment loan
• D)LIBOR (London InterBank Offered Rate)
• E)line of credit
• F)prime rate (base rate)
• G)purchase-order financing
• H)term loan

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Definitions:

Implied Condition

A condition that is not specifically and explicitly stated but is inferred from the nature and language of the contract.

Window Contractor

A professional or company specializing in the installation, repair, and replacement of windows in buildings.

New Windows

In a computer context, it refers to the latest version or release of the Microsoft Windows operating system. Alternatively, it can refer to physical window installations in a building.

Restitution

The act of restoring or compensating for loss or damage incurred, often involving the return of property or payment of money to the rightful owner.