A Fixed-Rate Loan Is a Loan Whose Rate of Interest

question 143

True/False

A fixed-rate loan is a loan whose rate of interest is established at a fixed increment above the prime rate and is allowed to vary above prime only when the prime rate varies until maturity.

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Definitions:

Pollutants

Substances that contaminate air, water, or soil, potentially causing harm to human health, the environment, or property.

Trespass

Trespass is an unlawful intrusion or encroachment onto property owned or legally occupied by another, without permission or legal right.

Intentional Harm

The deliberate infliction of damage or injury on another person or their property.

Property

is any physical or intangible entity that is owned by an individual or collectively, subject to the rights and responsibilities of ownership.