What Is Unilateral Action

question 19

Multiple Choice

What is unilateral action?

• A) a president changing policy without consulting Congress
• B) a president appointing new Supreme Court justices
• C) firing the chairman of a national party organization
• D) engaging in military action abroad without a declaration of war

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Definitions:

Bond Coupon Rates

The interest rate provided by a bond each year, shown as a percentage of the bond's nominal value.

Minimum TIE

The lowest acceptable Times Interest Earned ratio, a financial metric used to determine how well a company can meet its interest payments on debt.

Restrictive Covenant

A clause in a contract that limits certain actions of the parties involved, often used in employment and real estate agreements.

Amortized Debt

A loan in which the principal and interest are paid off in equal installments over a predetermined period.