Making Extra Payments on a Loan

question 92

Multiple Choice

Making extra payments on a loan

• A)reduces the total interest paid.
• B)frees up cash flow for other expenses.
• C)lengthens the maturity of the loan.
• D)reduces the size of future payments.

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Definitions:

NLRA Union Certification Process

The procedure overseen by the National Labor Relations Board (NLRB) through which a union is officially recognized as a bargaining representative for a group of employees.

Associated

Connected or linked with something else, typically indicating a relationship or affiliation between entities or concepts.

NLRB

The National Labor Relations Board, a US federal agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in bargaining and legal matters.