A Closed Mortgage Does Not Allow You to Pay Additional

question 58

True/False

A closed mortgage does not allow you to pay additional sums off the principal without paying a penalty.

Identify the tools and models used in strategic planning and organizational assessment.

Recognize the roles of different stakeholders in the strategic planning process.

Define key concepts and terms in strategic planning such as mission creep, operational planning, and strategic issues.

Understand the benefits and criticisms of strategic planning.

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Definitions:

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall market capitalization remains unchanged.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuing company.

Retained Earnings

Retained earnings represent the cumulative amount of net income earned by a company that is retained by the company rather than distributed to its shareholders as dividends.

Dividends Payable

A liability account listed on a company's balance sheet representing the amount of declared dividends that are owed to shareholders.