A Written Document in Which a Lender Promises to Make

question 75

Multiple Choice

A written document in which a lender promises to make credit available to a borrower,over a designated future period,up to a maximum amount in return for a commitment fee is known as a(n) :

• A)negative covenant.
• B)loan guarantee agreement.
• C)loan policy agreement.
• D)loan commitment agreement.
• E)affirmative covenant.

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Definitions:

Socially Homogeneous

Describing a society or a group in which members share similar backgrounds, beliefs, and characteristics, often resulting in minimal diversity.

Legalize Marriage

The process by which marriages are recognized and sanctioned legally by the state, often including a variety of marital forms.

Same Sex

Referring to relationships or attractions between individuals of the same gender.

Gender Inequality

The social process by which people are treated differently and disadvantageously, under similar circumstances, based on gender.