Which One of the Following Terms Applies to the Process

question 24

Multiple Choice

Which one of the following terms applies to the process of reducing the mortgage principal over the life of the mortgage according to a schedule?

• A) mortgage amortization
• B) mortgage prepayment
• C) mortgage elimination
• D) mortgage securitization
• E) mortgage passthrough

---

Definitions:

Exclusionary Rule

The Exclusionary Rule is a legal principle in the United States that prevents evidence collected in violation of the defendant's constitutional rights from being used in a court of law.

Permissible Searches

Searches allowed by law, particularly under the Fourth Amendment of the U.S. Constitution, which guards against unreasonable searches and seizures.

New Technology

Refers to the latest advancements and innovations in various fields like information technology, biotechnology, and engineering.

Confederal

A form of government where various states or entities join together for common purposes but maintain substantial independence and sovereignty.