Choose the Word or Phrase in [ ] Which Will

question 158

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.
-A [loan-to-value ratio | affordability ratio] specifies the maximum percentage of the value of a property that the lender is willing to loan.

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Definitions:

Lowest Terms

The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest values.

Lowest Terms

This term is used in mathematics, particularly fractions, to describe a fraction that has been simplified to its smallest possible numerator and denominator.

Relative Consumption

A measure comparing an individual's or group's consumption levels to another's or to a benchmark, often used to analyze economic well-being or social status.

New Year's Eve

The last day of the year, December 31st, celebrating the conclusion of the current year and the beginning of the new one.