Property Promised to the Lender as Compensation If the Borrower

question 74

Multiple Choice

Property promised to the lender as compensation if the borrower defaults is called

• A)collateral.
• B)deductibles.
• C)restrictive covenants.
• D)contingencies.

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Definitions:

Descendants

The offspring or later generations stemming from a particular ancestor or ancestral group.

Adaptation

The process by which a species becomes better suited to its environment through genetic changes that promote survival and reproduction.

New Environment

A new environment refers to a different or changed habitat or setting in which an organism finds itself, potentially requiring adaptation for survival.

Evolution of Disease-Causing Organisms

The process through which pathogens, like bacteria, viruses, fungi, and parasites, change over time, often leading to the development of resistance to treatments.