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

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Definitions:

Manufacturing Plant

A factory or industrial site where goods are produced or processed through machinery and labor.

Giving Praise

The act of expressing approval or admiration towards someone, often contributing to positive reinforcement and motivation.

Internal Attribution

An explanation for behavior focusing on the individual and his or her choices and personality.

Kira's Internal Attribution

The explanation that Kira's behaviors or actions are due to her personal characteristics, feelings, or beliefs rather than external circumstances.