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:

Reciprocal Socialization

A process by which individuals (such as children and parents) influence and are influenced by each other's behavior and emotions.

Automaticity

The ability to perform tasks without conscious thought or attention, typically as a result of learning and repetition.

Stepparent Families

Families where one or both parents have children from previous relationships but have formed a new family unit through marriage or partnership.

Single-Parent Families

Households headed by only one parent, who is responsible for raising children.