Committees Have Little Substantive Power in Congress

question 71

True/False

Committees have little substantive power in Congress.

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Definitions:

Debtor

An individual or entity that owes a debt to another; the opposite party being a creditor.

Secured Creditor

A creditor that has a legal claim, called a lien, on the debtor's assets, ensuring priority payment if the debtor defaults on the obligation.

Unsecured Creditor

A creditor who extends credit without requiring specific collateral to secure the debt owed by the borrower.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized if the loan is not repaid.