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Using a highlight pen, shade the United States and each of the following territorial acquisitions:
Alaska
American Samoa
Guam
Hawai'i
Midway Island
Panama Canal Zone
Philippine Islands
Puerto Rico
Wake Island
Use the outline map that follows, and answer the following questions:
Refer to Map Exercise 22-1.
5 C's of Credit
The 5 C's of Credit refer to the five key factors that lenders consider when evaluating a borrower's creditworthiness: character, capacity, capital, collateral, and conditions.
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.
Credit Obligations
The responsibilities to repay debt incurred through borrowing or credit agreements.
Partially Assembled
Refers to products or goods that have been partially put together but require additional assembly or work to be considered complete.
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