Which of these statements describes a lien?
A. the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan
B. the right of a lender to refuse a loan if the borrower hasn't repaid previous loans on time
C. the right of a lender to increase interest rates depending on economic factors
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which of these statements describes a lien? A. the right of a lender to sell collateral to get back the principal if the borrower cannot ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
After plotting the demands for four periods
Answers (1)
An increase in the government's budget surplus means a. public saving is greater than $0 and increasing. b. public saving is greater than $0 and decreasing. c. public saving is less than $0 and increasing. d.
Answers (1)
What is not an example of money? A) currency B) credit C) debit cards D) checks
Answers (1)
Assume John Sullivan completed the following additional transactions during February. (e) Received cash from a client for professional services, $1,500. (f) Paid office rent for February, $600. (g) Paid February phone bill, $64.
Answers (1)
What was the problem with paper money when it was first used in the 1700s?
Answers (2)
New Questions in Business
Solemon Company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solemon wants to earn a targeted profit of $3,600, how many units must be sold?
Answers (1)
Using the following information, what is the amount of net income? Purchases $ 33,189 Selling expenses $ 758 Merchandise inventory, September 1 7,436 Merchandise inventory, September 30 8,978 Administrative expenses 760 Sales 51,684 Rent revenue 832
Answers (1)
You are managing a project and need to cut the cost of the project. You decide to transfer workers to another job to cut the project's costs. Costs associated with transferring the workers are an example of project indirect costs. O True O False
Answers (1)
K Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 17,000 $ 12,000 Finished goods $ 46,000 $ 50,000 Additional information: Direct materials $ 57,000 Direct labor cost $ 87,000 Manufacturing
Answers (1)
Marcy Tucker received the following items this year. Determine to what extent each item is included in her AGI. (Leave no cells blank - be sure to enter "0" wherever required.) A $25,000 cash gift from her parents.
Answers (1)