Which of the Following Provides That All Future Interest and Principal

question 53

Multiple Choice

Which of the following provides that all future interest and principal obligations on a loan become immediately due when default occurs?

• A) insolvency
• B) loan default
• C) acceleration provision
• D) cross default provision
• E) foreclosure

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Definitions:

Aryans

An ancient group believed to have migrated to the Indian subcontinent around 1500 BCE, introducing the Vedic culture and languages that would significantly influence the region.

Herding People

Communities or societies whose primary economic activity involves the raising and herding of livestock.

Hinduism

A major world religion originating on the Indian subcontinent and comprising several and varied systems of philosophy, belief, and ritual.

Buddhism

A religious and philosophical system founded by Siddhartha Gautama ("the Buddha") in the 5th century BCE, centering on the pursuit of enlightenment and liberation from suffering.