This Stand-Alone Facility Has an Average Length of Stay of Over

question 7

Multiple Choice

This stand-alone facility has an average length of stay of over 30 days. This facility is most likely which of the following types of facilities?

• A) ASC
• B) HHC
• C) LTC
• D) CHC

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Definitions:

Security Interest

A legal claim or lien on collateral that has been offered to secure a loan, ensuring the lender can repossess or take ownership of the collateral if the borrower defaults.

Mortgage

A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.

Financial

Relating to finance, encompassing all aspects of managing, investing, and monitoring money and assets.

Loan

A sum of money that is borrowed, typically from a financial institution, which is expected to be paid back with interest.