GARP Involves Various Messages

question 352

Multiple Choice

GARP involves various messages. Besides JoinIn message and Leave message, which are also the GARP messages? (Choose three.)

• A) Notice
• B) Empty
• C) JoinEmpty
• D) LeaveAll

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Definitions:

Collateral

Assets pledged as security for the repayment of a loan, forfeitable in the event of a default.

Secured Creditor

A creditor with the advantage of a security interest in assets of the debtor, offering protection for the credit extended.

Security Interest

is a legal claim or right granted over assets as collateral to secure the performance of an obligation, usually the repayment of a loan.

Security Interest

A legal claim or lien on property or assets, granted to secure the performance of an obligation or repayment of a debt.