Property That Is Pledged to the Lender in the Event

question 82

Multiple Choice

Property that is pledged to the lender in the event that a borrower cannot make his or her debt payment is called

• A) points.
• B) interest.
• C) collateral.
• D) good faith money.

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Definitions:

Skills Demand

The requirement by employers for specific skills or qualifications from the workforce to fulfill job roles.

Structural Unemployment

A form of unemployment caused by fundamental changes in the economy that reduce the demand for certain skills or labor.

Petroleum Refinery

A processing plant where crude oil is transformed into various usable petroleum products such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas.

Oil to Natural Gas

The transition or conversion from using oil as a primary energy source to using natural gas, often due to environmental, economic, or supply considerations.