The Minimum Amount of the Purchase Price of Certain Stock

question 144

Multiple Choice

The minimum amount of the purchase price of certain stock transactions that must be paid in cash is called the

• A) down payment.
• B) reserve requirement.
• C) collateral.
• D) margin.
• E) line of credit.

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Definitions:

Demurrer

A legal objection that argues a complaint, even if true, is not sufficient to constitute a cause of action and therefore should be dismissed.

Minitrial

A simplified court process involving a short trial and an advisory verdict, often used to encourage settlement.

Non Obstante Veredicto

A legal term meaning "notwithstanding the verdict," used when a judge overturns a jury's decision or enters a judgment contrary to the jury's verdict.

Mens Rea

A legal principle that refers to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.