Which One of the Following Is the Primary Difference Between

question 44

Multiple Choice

Which one of the following is the primary difference between a swap contract and a forward contract?

• A)underlying asset
• B)number of exchanges
• C)daily marking to the market
• D)option versus obligation
• E)time of payment

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Definitions:

Condition

A provision in a contract or agreement that stipulates a specific event or action must occur before the contract is considered effective or a duty is triggered.

Appurtenant

is a legal term referring to rights or properties that are attached to and benefit a primary property, transferring with the title of that property from one owner to another.

Easement

A legal right to use another person's land for a specific limited purpose.

Land Adjacent

Property that is next to or bordering another property.