Refinancing a Loan for More Money Than Was Originally Owed

question 93

Multiple Choice

Refinancing a loan for more money than was originally owed is called a(n)

• A)add-on loan.
• B)accelerated loan.
• C)discount loan.
• D)garnishment.

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Definitions:

Method of Loci

This is a mnemonic device that involves visualizing spatial environments to enhance the recall of information.

Mnemonic Device

A tool that helps remember facts or a large amount of information, by associating this information with a memorable phrase, pattern, or acronym.

Associate Images

The process of connecting or linking images with specific ideas, emotions, or concepts in the mind.

Study Breaks

Short periods of rest or diversion taken during study sessions to improve focus and maintain performance over longer durations.