Choose the Most Appropriate Answer for Each

question 59

Multiple Choice

Choose the most appropriate answer for each.
-a loan that requires the borrower to pay interest only until maturity, at which time the full amount of the loan must be repaid

• A)Amortized loan
• B)Amortization tables
• C)Balloon loan
• D)Budget mortgage
• E)Conventional loan
• F)Discount point
• G)Equity
• H)FHA
• I)Impound account
• J)Loan balance table
• K)Loan origination fee
• L)Loan-to-value ratio
• M)Maturity
• N)Partially amortized loan
• O)PITI payment
• P)PMI
• Q)Point
• R)Principal
• S)Term loan
• T)UFMIP

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Definitions:

Current Ratio

A measure of a corporation's capability to meet obligations due in less than one year, found by dividing its total current assets by its total current liabilities.

Company

A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.

Working Capital

The distinction between a business's immediate assets and liabilities, showcasing its operational effectiveness and short-term financial status.

Company

A legal entity formed by a group of individuals to operate a business, which can own property, incur liabilities, and sell products or services.