Needs Assessment Consists of Establishing Standards of Need and Devising

question 26

True/False

Needs Assessment consists of establishing standards of need and devising a way of counting the number who fall below that standard.

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Definitions:

Mortgagee

The party who lends money and takes back a mortgage as security for the loan.

Floating Lien

A floating lien is a type of security interest or charge over a pool of changing assets, such as inventory or accounts receivable.

Security Agreement

A legal document that provides a lender a security interest in a specific asset or property that serves as collateral for a loan.

Mortgage

A mortgage is a loan specifically for purchasing real estate, where the property itself serves as collateral for the loan.