While Life Expectancy Has Increased by More Than 50 Percent

question 34

True/False

While life expectancy has increased by more than 50 percent since 1900, the period of time spent in retirement has increased even more dramatically.

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Definitions:

Guarantor

A person assuming obligation to pay if the debtor does not.

Real Property

Land, buildings attached to the land, and items called fixtures, that is, items that are attached to the land or to a building or to another fixture attached to the land.

Personal Property

Tangible, movable goods (chattels) and intangible claims (choses in action).

Chattels

Tangible, movable personal property that can be measured and weighed; also known as goods.