Debt Moratorium Refers to A

question 61

Multiple Choice

Debt moratorium refers to a:

• A)clause that allows the lender to call in the debt during a particular period
• B)delay in repaying interest and/or principal on debt
• C)clause that allows the lender to charge higher interest if debt is not repaid in time
• D)clause that allows the borrower to repay debt early

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Definitions:

Satisfaction

The fulfillment of one's needs or the pleasure derived from consuming goods or services.

Consuming It

Pertains to the act of using up resources or products to satisfy needs or desires.

Ability

The possession of the means or skill to do something.

Satisfy Wants

The fulfillment of human desires or needs through the consumption of goods and services.