If You Owe the Lending Institution More at the End

question 131

True/False

If you owe the lending institution more at the end of the year than you did at the beginning of the year,you have negative amortization.

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Definitions:

DSL

Digital Subscriber Line, a family of technologies that provide internet access by transmitting digital data over the wires of a local telephone network.

56K Modem

A type of modem used for dial-up internet access, allowing data transmission speeds up to 56 kilobits per second.

Mechanical

Pertaining to the design, operation, or working of machines or machinery; involving moving parts or systems.