Another Name for the Impending Event Close Is

question 37

Multiple Choice

Another name for the impending event close is:

• A)the management close.
• B)the imminent close.
• C)the positive/negative technique.
• D)the assumption close.
• E)the balance-sheet close.

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Definitions:

Breach Of The Peace

An act that disturbs public tranquility or order.

Repossession

The process by which a creditor takes back property from the borrower due to failure to meet the repayment terms of the loan.

Purchase-Money Security Interest

A legal claim granted to lenders over items purchased, serving as collateral for the loan used to purchase the goods.

Possession Of Collateral

Holding or control over property or assets pledged as security for a loan or obligation.