Examlex

Solved

If the Lender Has the Right to Take Certain Specified

question 59

Short Answer

If the lender has the right to take certain specified assets of the borrower in the event of a default on the loan, the loan is a(n) ________ loan.


Definitions:

Psychosomatic Illnesses

Conditions in which psychological factors significantly affect physiological outcomes, manifesting in physical symptoms and diseases.

Neurotics

Individuals who experience a higher than average level of emotional distress or are prone to suffer from some type of neurosis.

Specific Object

An item or thing that is distinctly identified or defined.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often related to imminent events or something with an unpredictable result.

Related Questions