A Leveraged Lease Typically Involves a Nonrecourse Loan Which Means

question 38

Multiple Choice

A leveraged lease typically involves a nonrecourse loan which means that in the case of default the:

• A)lease payments go directly to the lender.
• B)the lessee obtains a first lien on the leased assets.
• C)lessor is obligated to fulfill the terms of both the lease and the loan.
• D)lessee assumes the loan obligation in exchange for the title to the leased assets.
• E)lease is automatically cancelled.

---

Definitions:

Cirrh-

A prefix in medical terminology indicating a relation to yellow, used in conditions related to liver dysfunction.

Cheil

Pertaining to the lip, often used as a prefix in medical terms.

Postprandial

Pertaining to the period after a meal, often used in the context of blood glucose levels.

Pyloric Sphincter

A muscle that regulates the passage of food from the stomach to the small intestine.