An Estate Consists of

question 5

Multiple Choice

An estate consists of

• A) Home, vehicle, and retirement accounts only.
• B) Furniture, home, and collections only.
• C) Everything you own.
• D) Everything you own except your home if you hold a mortgage on it.
• E) None of these.

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Definitions:

Probability of Nonpayment

The likelihood or risk that a borrower will not fulfill their payment obligations on a loan or debt.

Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.

Cash Discount

An incentive offered by sellers to encourage buyers to pay earlier, resulting in a reduction in the amount due.

Captive Finance Company

A finance company that is wholly owned by a parent company, primarily for the purpose of providing financing to the customers of the parent company.