The Last Payment in a Partially Amortizing Residential Mortgage Loan

question 33

Multiple Choice

The last payment in a partially amortizing residential mortgage loan is best referred to as a:

• A) waterfall.
• B) principal repayment.
• C) balloon payment.

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Definitions:

Coltan

A mineral comprising columbite and tantalite, used primarily in the production of tantalum capacitors for electronic devices such as mobile phones.

Eastern Congolese Mines

Mining operations in the eastern region of the Democratic Republic of Congo, often noted for their extraction of minerals like coltan and the associated human and environmental issues.

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Handheld devices that allow for voice and often data communication over cellular networks.

Cultural Anthropology

The study of customary patterns in human behavior, thought, and feelings. It focuses on humans as culture-producing and culture-reproducing creatures. Also known as social or sociocultural anthropology.