Choose the One Most Appropriate Answer for Each

question 16

Multiple Choice

Choose the one most appropriate answer for each.
-the buyer of an already mortgaged property makes the payment but does not take personal responsibility for the loan

• A)acceleration clause
• B)alienation clause
• C)assumption
• D)chattel mortgage
• E)deed of trust
• F)defeasance clause
• G)deficiency judgment
• H)equitable mortgage
• I)equity of redemption
• J)first mortgage
• K)foreclosure
• L)junior mortgage
• M)mortgage
• N)mortgagor
• O)partial release
• P)power of sale
• Q)promissory note
• R)public auction
• S)subject to
• T)subordination

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Definitions:

Investment

The allocation of resources, typically money, into an asset or venture with the expectation of generating income or profit.

Equal Investment

An investment strategy where equal amounts of capital are allocated to each asset or security in a portfolio.

Portfolio

A compilation of financial holdings comprising stocks, bonds, commodities, physical currency, and equivalents to cash, which cover mutual funds and ETFs.

Stocks

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.