A Loan in Which the Borrower Arranges in Advance with a Total

question 29

Multiple Choice

A loan in which the borrower arranges in advance with a total amount that will be advanced in stages, such as a construction loan is said to have which type of mortgage loan:

• A) Assumption
• B) Non-recourse
• C) Open-end
• D) Subordination

---

Definitions:

First-Cousin Marriage

A type of marriage where the spouses are first cousins, sharing grandparents or having two of their four grandparents in common.

Myth

An old narrative, particularly one that deals with the origins of a nation or elucidates a phenomenon of nature or society, and commonly includes supernatural characters or happenings.

Birth Defects

Anomalies that are present at birth and can result in physical, intellectual, or developmental disabilities, varying widely in severity.

Polygyny

A marriage form in which a man is married to two or more women at the same time; a form of polygamy.