The Term "Countertrade" Refers to

question 21

Multiple Choice

The term "countertrade" refers to

• A)many different types of transactions in which the seller provides a buyer with goods or services and promises in return to purchase goods or services from the buyer.
• B)barter, clearing arrangement, and switch trading.
• C)buy-back, counter purchase, and offset.
• D)all of the above

---

Definitions:

Security Interest

A legal claim or right granted to a creditor over the borrower's assets as a security for the repayment of a loan.

Repossessed Collateral

Assets that have been taken back by the lender from the borrower, usually due to default on a loan.

Security Interest

A security interest is a legal claim or entitlement provided to a lender or creditor over the borrower's assets, serving as collateral for the repayment of a loan or obligation.

Attached

Pertaining to property law and commercial transactions, it refers to the legal process by which a security interest is formally linked to specific assets, making it enforceable against third parties.