What Is the Name of the Clause in a Back-To-Back

question 13

Multiple Choice

What is the name of the clause in a back-to-back loan that stipulates that if one party defaults on a payment,the other party can withhold corresponding payments?

• A) right of offset
• B) topping-off
• C) all-in-cost
• D) with-recourse

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Definitions:

Curiosity

A strong desire to know or learn something.

Workaround

An alternative method of accomplishing a task or solving a problem when the usual process is ineffective or unavailable.

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A tube inserted into the bladder to provide a continuous flow of urine, used when patients cannot urinate by themselves.

Clostridium Difficile

A bacterium that can cause symptoms ranging from diarrhea to life-threatening inflammation of the colon.