Partial,revolving Payments Are Not Permitted in _____

question 96

Multiple Choice

Partial,revolving payments are not permitted in _____.

• A)revolving credit accounts with a maximum credit limit
• B)monthly payment credit accounts
• C)open credit accounts
• D)option credit accounts

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Definitions:

Insurance Policies

Contracts between an insurer and a policyholder that specify the terms under which the insurer agrees to indemnify the policyholder against financial losses from specific eventualities.

Eminent Domain

The power of a government to take private property for public use, with compensation to the owner.

Lost

Refers to an item that has been misplaced and whose whereabouts are unknown.

Abandoned

Left without attention or care, often referring to property or places that are no longer maintained or inhabited.