A 'Blind Spot' May Be Built into the Repayment Schedule

question 138

Multiple Choice

A 'blind spot' may be built into the repayment schedule of a term loan wherein:

• A)no installment will be due because of prepayment.
• B)no installment will be due because of timely payment of the loan.
• C)no installment will be due because of shortage of cash with the borrower.
• D)installment will be collected before they are due.
• E)no installment will be collected because of loan foreclosure.

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Definitions:

Heredity

The hereditary passing of traits from parents to their children.

Depression

A mental health disorder characterized by persistent feelings of sadness, loss of interest, and various emotional and physical conditions.

Charles Darwin

A 19th-century naturalist and geologist known for his theory of evolution by natural selection.

Inherited Traits

Characteristics passed from parents to offspring through genes.