Which One of the Following Terms Applies to the Process

question 24

Multiple Choice

Which one of the following terms applies to the process of reducing the mortgage principal over the life of the mortgage according to a schedule?

• A) mortgage amortization
• B) mortgage prepayment
• C) mortgage elimination
• D) mortgage securitization
• E) mortgage passthrough

---

Definitions:

Colonization

The action or process of settling among and establishing control over the indigenous people of an area.

Bilingualism

The ability to fluently speak and understand two languages, which may influence cognitive processes and cultural perspectives.

Machismo

A cultural ideal that emphasizes male dominance, strength, and virility, often associated with Latin American cultures but not exclusive to them.

Bravado

A display of boldness or swagger intended to impress or intimidate, often without the intention or ability to follow through.