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When Selling Online Which of the Following Items Is Not

question 26

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When selling online which of the following items is not true?


Definitions:

Face Amount

The sum of money stated on the face of a financial document, such as an insurance policy, bond, or certificate, that is payable at maturity.

Interest Accrued

Interest that has been earned but not yet paid.

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the original issuer or underwriter in the event of non-payment by the borrower.

Qualifying Words

Words in a legal document that specify conditions or modify the meaning of other words to which they apply.

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