Choose the One Most Appropriate Answer for Each

question 80

Multiple Choice

Choose the one most appropriate answer for each.
-a title policy written to protect a real estate lender

• A)abstract of title
• B)abstracter
• C)actual notice
• D)certificates of title
• E)constructive notice
• F)inquiry notice
• G)judgment rolls
• H)lender's policy
• I)lis pendens index
• J)notary public
• K)opinion of title
• L)owner's policy
• M)quiet title suit
• N)reissue rates
• O)title cloud
• P)title plant
• Q)title report
• R)tract index
• S)vested
• T)witness

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Definitions:

Salvage Value

The anticipated salvage value of an asset at the termination of its service life.

Annual Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity, within a year.

Opportunity Cost

The cost of opting for one choice over another, essentially the benefits you could have received by taking an alternative action.

Internal Rate Of Return

The internal rate of return is a financial metric used to evaluate the profitability of investments, calculating the discount rate that makes the net present value of cash flows from an investment equal to zero.