A Pending Disbursement Clause Would Most Likely Be Found In

question 3

Multiple Choice

A pending disbursement clause would most likely be found in:

• A) a construction loan title insurance policy.
• B) a loan title insurance policy.
• C) anowner's title insurance policy.
• D) none of the above.

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Definitions:

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the quantity of values.

Bell Shaped Distribution

Also known as a normal distribution, it is a probability distribution that has a symmetrical bell-shaped graph, indicating that most of the data points are concentrated around the mean.

Supply And Demand

Fundamental economic principles that describe the relationship between the availability of a product or service (supply) and the desire of potential buyers (demand).

Bell Shaped Distribution

A probability distribution that is symmetrical and tapers towards the tails, resembling a bell; commonly known as the normal distribution.