Descriptive Rules

question 39

Multiple Choice

Descriptive rules

• A)allow us to decide if a particular utterance is "proper" or "good."
• B)have the same function as prescriptive rules.
• C)are mostly used by new speakers who do not yet understand slang or common expressions.
• D)describe how English is structured.

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Definitions:

Tranches

Portions or slices of debt or securities that are structured to divide risk or return in a way that is marketable to different investors.

Credit Risk

Credit risk refers to the possibility that a borrower will default on a loan by failing to make the necessary payments.

Seniority

The order of repayment in the event of a sale or bankruptcy, with higher seniority debts being repaid before those of lower seniority.

Mortgage Pass-through Agency

A financial entity that aggregates mortgage loans and creates pass-through securities representing interests in those loans.