A _____ Means That a Guest Is Required to Spend

question 97

Multiple Choice

A _____ means that a guest is required to spend a certain amount of money, once seated, even if the total check amounts to less.

• A) gratuity
• B) minimum charge
• C) cover charge
• D) POS

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Definitions:

Bond Premium

The amount by which the market price of a bond exceeds its face value, often because it offers an interest rate higher than the current market rates.

Callable Bond

A type of bond that gives the issuer the right to repay the bond before its maturity date at a predetermined call price.

Term Bond

A bond that reaches its maturity date at the same time, where the principal amount is due in a lump sum at the end.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the issuer's equity at certain times during its life, usually at the discretion of the bondholder.