The Movement of Middle- or Upper-Middle-Class People into Formerly Poor

question 197

Multiple Choice

The movement of middle- or upper-middle-class people into formerly poor or working-class neighborhoods, resulting in increasing housing values is known as ______ .

• A) beautification
• B) generalization
• C) assimilation
• D) gentrification

---

Definitions:

Five-Year Period

A fixed duration of time equaling five years, often used in contracts, legal agreements, or statutes of limitations.

Perfection

In the context of secured transactions, the legal process by which a secured party establishes the priority of its security interest against third parties.

Financing Statement

A document filed to give public notice of a secured creditor's interest in the property of a debtor, usually used in securing personal property transactions.

Secured Party

A lender or investor who has a legal right or interest in collateral pledged by a borrower to secure repayment of a loan.