A Person Who Makes a Will Is The

question 20

Multiple Choice

A person who makes a will is the:

• A) executor (trix)
• B) administrator (trix)
• C) devisor (ee)
• D) testator (trix)

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Definitions:

Floating-rate Debt

Floating-rate Debt refers to loans or bonds with a variable interest rate, which adjusts periodically based on a benchmark interest rate or index.

LIBOR

The London Interbank Offered Rate, which is a benchmark rate that some of the world’s leading banks charge each other for short-term loans.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, including loans, bonds, or credit lines.

Floating-rate Debt

A form of debt where the interest rate varies over time based on a benchmark interest rate or index.