Credit Should Be Used Only When Necessary, Since It Usually

question 42

True/False

Credit should be used only when necessary, since it usually involves borrowed funds that you will need to pay back with interest.

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Definitions:

Signatories

Parties that have signed a document, often a contract or agreement, indicating their acceptance of its terms.

Wills

A legal document by which a person expresses their wishes as to how their property is to be distributed at death and names one or more persons to manage the estate until its final distribution.

Express

Clearly and unmistakably communicated, directly stated, or specified.

Settlor

An individual or entity that creates a trust by legally transferring assets to a trustee for the benefit of beneficiaries.