The Definition of a Default Judgment Is

question 28

Multiple Choice

The definition of a default judgment is:

• A) a legal pleading that contains denials, admissions, affirmative defenses, and counterclaims.
• B) a pleading that is a statement of the initial claim against the defendant.
• C) an assertion that even if the plaintiff's allegations are true, the plaintiff would not be entitled to a remedy.
• D) a judgment against a defendant who fails to respond to a complaint.

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Definitions:

Cash Flows

The whole summation of cash transfers affecting a business's in and outflows, prominently affecting its quick access to funds.

Interest Rate

The charge, expressed as a proportion of the principal, required by a lender from a borrower for asset utilization.

Compounded Quarterly

Interest calculation method where interest is added to the principal sum of a deposit or loan every quarter, leading to interest on interest.

Quarterly Payments

Regular payments made every three months, commonly used in dividend distributions or repayment of loans.