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Loan Flipping Occurs When a Lender Convinces a Homeowner to Refinance

question 25

True/False

Loan flipping occurs when a lender convinces a homeowner to refinance soon after obtaining a mortgage.

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Definitions:

Waste Excretion

The process by which living organisms eliminate waste products of metabolism and other non-useful materials from their bodies.

Predation

An interaction where one organism, the predator, kills and eats another organism, the prey.

Swim Bladder

The hydrostatic organ in bony fishes that permits the fish to hover at a given depth.

Buoyancy

The force exerted by a fluid that opposes the weight of an object immersed in the fluid, allowing it to float or sink.

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