You Are in the Waiting Area Before Your Interview

question 10

Multiple Choice

You are in the waiting area before your interview.What should you do?

• A) Sit quietly.
• B) Eat your lunch.
• C) Talk to the receptionist.
• D) Look at things on the receptionist's desk.

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Definitions:

Foreclosure Proceeding

A legal process by which a lender seeks to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.

Redeem

To recover possession of something by paying a specified amount, or to fulfill a promise or obligation.

Default

Failure to fulfill an obligation, especially failure to meet a financial commitment or appear in a court of law.

Prepayment Penalty Clause

A provision in a contract that imposes a penalty on a borrower for paying off a loan before its maturity date.