Examlex

Solved

Which of the Following Is Not Associated with Buying a Home

question 160

Multiple Choice

Which of the following is not associated with buying a home with a lower-than-typical down payment?


Definitions:

Commercial

Related to the buying and selling of goods and services or to business activities in general.

Consumer

An individual who purchases goods or services for personal use rather than for manufacturing or resale.

Lost Check

A check that has been misplaced, destroyed, or otherwise lost, potentially leading to the issuance of a stop payment order and requiring a replacement.

Drawer

In banking and finance, the person who writes or issues a check or draft instructing the bank to pay a specified amount of money to a designated party.

Related Questions