Which of the Following Is the Term Used to Describe

question 65

Multiple Choice

Which of the following is the term used to describe a failing bank selling off a substantial amount of assets in a short time period in order to remain solvent?

• A)fire sale 
• B)short sale 
• C)long sale 
• D)liquidity sale

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Definitions:

Conciliation/Mediation

A process where a neutral third party assists disputing parties to reach a mutual agreement and resolve their conflict outside of court.

Third Party

An individual or entity that is not directly involved in a transaction or agreement but may be affected by it or have an interest in its outcome.

Settlement

An agreement reached between parties in a dispute, often involving payment or other terms, to resolve the dispute without further litigation.

Good Faith

Acting with honesty and integrity.