A Public Recognition of a Relationship That Is More Restrictive

question 62

Multiple Choice

A public recognition of a relationship that is more restrictive than marriage and offers fewer rights and privileges is called:

• A)civil union
• B)exogamy
• C)endogamy
• D)spurious relationship
• E)selection effect

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Definitions:

Purchase-Money Security Interest

A security interest in property that secures the extension of credit by a lender to the borrower for the purpose of acquiring the property.

Perfection

In legal and financial contexts, it refers to the act of completing all necessary steps to establish a secured interest or claim that is enforceable against others.

Purchase Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to pay back a loan used to purchase the property.

Collateral

An asset that a borrower offers to a lender to secure a loan, which the lender may seize if the borrower fails to repay the loan.