Choose the Word or Phrase in [ ] Which Will

question 1

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The purpose of the debt service ratio is to show the amount of your income needed to pay your [current liabilities | monthly loan payments].

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Definitions:

Due Diligence Defense

A legal defense used in securities law, asserting that the defendants conducted a thorough investigation and did not find any misrepresentation or fraud.

Securities Act

Refers to the U.S. Securities Act of 1933, a federal piece of legislation enacted to regulate the securities industry and protect investors.

Effective Registration Date

The date on which a company's registration statement is declared effective by the Securities and Exchange Commission, allowing it to legally sell securities.

Prospectus

An investment document that provides details about a company or financial product, aimed at potential investors.