Software Applications That Use Data from Different Databases Are

question 17

Multiple Choice

Software applications that use data from different databases are:

• A) Interfaced.
• B) Integrated.

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Definitions:

Quoted Interest Rate

The interest rate that a lender offers to a borrower for a loan, not accounting for compounding or additional fees.

Buy Down

The process of paying additional points to a lender at closing to reduce the interest rate on a loan.

Down Payment

An initial upfront partial payment for the purchase of expensive goods or services such as a home, often expressed as a percentage of the total purchase price.

Maintenance Fees

Charges assessed to cover the costs of maintaining and improving property or equipment.