The Interest Rate on a Second Mortgage Is ____ on a First

question 61

Multiple Choice

The interest rate on a second mortgage is ____ on a first mortgage created at the same time, because the second mortgage is ____ the existing first mortgage in priority claim against the propertyin the event of default.

• A) higher than; behind
• B) equal to that; equal to
• C) lower than; ahead of
• D) higher than; ahead of
• E) lower than; behind

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Definitions:

Negative Punishment

A behavioral modification technique where decreasing the occurrence of a behavior is accomplished by removing a desirable stimulus.

Suspension

The state of being temporarily inactive or set aside, or a mixture in which particles are dispersed throughout a fluid without dissolving in it.

Steady Rate

A consistent pace or level of activity, not experiencing significant change or fluctuation over a period.

Variable-Interval

A schedule of reinforcement in which a response is rewarded after an unpredictable amount of time has passed, promoting steady, consistent responding.