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Any Assets Pledged to the Bank as Security for Repayment

question 88

Multiple Choice

Any assets pledged to the bank as security for repayment of the loan are the ________ of the five Cs.


Definitions:

Face and Limb Malformations

Developmental abnormalities affecting the structure and appearance of the face and limbs, which can be congenital or arise from different factors.

Normally Closed

A switch configuration where the contacts are in contact, allowing current to flow without activation.

Normally Open

A type of switch or contact arrangement that is open (disconnected) in its default state, allowing current flow when actuated.

Common Terminal

A connection point used in electrical devices where multiple circuits can meet and connect.

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