Default on a Loan Occurs When

question 16

Multiple Choice

Default on a loan occurs when

• A)the borrower is unable to make principal or interest payments when due.
• B)the borrower pays off the loan early.
• C)The true risks of making the loan were not considered.
• D)The borrower pays the principal early but not the interest payments.

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Definitions:

Hyaline Cartilage

A type of connective tissue found in areas such as the rib tips, nose, larynx, and trachea, characterized by a glossy, translucent appearance.

Costal Cartilage

The cartilages that connect the sternum and the ends of the ribs, providing elasticity and contributing to the rib cage's expansion during respiration.

Larynx

A hollow muscular structure situated at the upper part of the airway in humans, housing the vocal cords and serving as the organ of voice production.

Fetal Skeleton

The bony structure that provides support to the developing fetus within the womb, consisting largely of cartilage that will gradually ossify into bone.