Identify the Next Word in the Following Series: Plateau, Mesa

question 113

Multiple Choice

Identify the next word in the following series: plateau, mesa, butte, and ________.

• A) playa
• B) talus
• C) scarp
• D) badlands
• E) pinnacle

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Definitions:

Outlays

Expenditures or the amount of money expended in the course of conducting business or executing a project.

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.

Fixed-Rate Mortgage

A mortgage with an interest rate that remains constant throughout the life of the loan.

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.