Examlex
Listed below are six terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ The company recorded a deposit twice.
Inventory
Goods held for sale or lease, or raw materials used or consumed in a business.
Graduated-Payment Mortgage
A mortgage that has a fixed interest rate during the life of the mortgage; however, the monthly payments made by the mortgagor increase over the term of the loan.
Variable Interest
An interest rate on a loan or security that can change over time based on the underlying benchmark interest rates.
Security Interest
A creditor’s right to use collateral to recover a debt.
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