The Process of Paying Down the Mortgage Principal with a Monthly

question 39

Multiple Choice

The process of paying down the mortgage principal with a monthly mortgage payment is called mortgage ________.

• A) securitization
• B) amortization
• C) pass-throughs
• D) value reduction
• E) prepayment

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Definitions:

Factory Closes

This describes a situation where a manufacturing facility ceases operations, potentially due to economic, operational, or strategic decisions.

Unemployed Workers

Individuals who are capable of working and are actively seeking work but are not currently employed.

Dine Out

The action of eating a meal outside one's home, typically in a restaurant.

Farmers' Market

A public market where farmers and often craftspeople sell their products directly to consumers.