A Company That Specializes in Making Installment Loans to Consumers

question 69

Multiple Choice

A company that specializes in making installment loans to consumers would best be categorized as a

• A)sales finance institution.
• B)personal credit institution.
• C)business credit institution.
• D)lease finance company.

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Definitions:

Exterior Boundaries

Designates the outer limits or edges of a property, geographic area, or political jurisdiction.

Center of the Earth

The central point within the Earth, which is theoretically at the intersection of the planet's axis of rotation.

Takings Clause

A provision in the Fifth Amendment to the U.S. Constitution that requires the government to provide just compensation when it takes private property for public use.

Just Compensation

A principle requiring that if private property is taken for public use, the owner must be fairly compensated.