In 2016 What Type of Financial Institution Held the Most

question 121

Multiple Choice

In 2016 what type of financial institution held the most consumer credit, excluding mortgages?

• A)Trust companies
• B)Credit unions
• C)Life insurance companies
• D)Chartered banks
• E)Special purpose corporations

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Definitions:

Hazards

Potential sources of danger or harm to health, safety, or the environment.

Writ of Attachment

is a legal document issued by a court ordering the seizure of property to secure satisfaction of a judgment.

Prejudgment Remedy

A legal measure obtained before a court's final decision to secure assets or interests, ensuring satisfaction of a potential judgment.

Debtor

An individual or entity that owes money or has a financial obligation to another party, known as the creditor.