A Sum of Money Paid in Compensation for Damages Done

question 47

Multiple Choice

A sum of money paid in compensation for damages done tothe victim is: ​

• A)a fine.
• B)community service.
• C)restitution.
• D)bond payment.

Understand the significance of the front view in depicting an object's purpose and general contour.

Recognize the influence of an object's shape and functionality on the selection and arrangement of views.

Identify the view that best represents the important aspects of an object.

Understand technical abbreviations and symbols used in technical drawings.

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Definitions:

Encumbered Assets

Assets that are used as security or collateral for a loan or debt, restricting their free use or disposal by the owner.

Secured Borrowing

A type of loan in which the borrower pledges an asset as collateral for the loan, which the lender can claim if the loan defaults.

Financial Statements

Formal records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Sale and Leaseback Arrangement

A financial transaction where one sells an asset and leases it back for the long-term; thereby retaining its use while freeing up the cash invested in the asset.