ACE Stands for Association of Continuing Education

question 50

Multiple Choice

ACE stands for Association of Continuing Education.If ACE is used to remember this organization, it is said to be an:

• A)acronym.
• B)acrostic.
• C)antonym.
• D)archaism.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower defaults.

Value

The importance, worth, or usefulness of something, often determined by its desirability, utility, or rarity.

UCC

A comprehensive set of laws governing commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across jurisdictions.

Consideration

A fundamental concept in contract law that involves something of value exchanged between parties, serving as the reason or motive for entering into a contract.