Choose the Most Appropriate Answer for Each

question 75

Multiple Choice

Choose the most appropriate answer for each.
-the market value of a property less the debt against it

• 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:

Properly Identified

Accurately recognized or distinguished from others based on specific characteristics or criteria.

Tender

To offer to turn goods over to a buyer.

Warehouse

A building or structure in which any goods, but particularly wares or merchandise, are stored.

C.O.D. Shipment

Cash on Delivery Shipment - A transaction in which payment for a good is made at the time of delivery rather than in advance.