An Unsecured Loan Is

question 95

Multiple Choice

An unsecured loan is:

• A) a loan where the applicant does not have any net worth.
• B) a loan where the applicant does not post any collateral.
• C) another name for a mortgage loan.
• D) usually a low-risk loan.

Calculate bond issuance price and understand factors affecting bond pricing.

Identify and record accounting entries for bond issuances, interest expense, and bond amortization.

Distinguish between the characteristics of bonds sold at a discount, at par, and at a premium.

Analyze the impact of bond transactions on financial statements.

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Definitions:

Monocline

A geological fold in sedimentary strata that results in a step-like form on the Earth's surface, indicating singular direction of dip.

Anticline

An anticline is a geological fold with layers that curve upward, typically associated with areas of tectonic compression.

Folding

The bending of the Earth's crust which can create mountains and valleys as a result of tectonic forces.

Compression

In geology, compression refers to the force or stress that pushes materials together, leading to folding, faulting, or shortening in the Earth's crust.