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Exam (elaborations)

Work Keys Exam With Complete Solution

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Work Keys Exam With Complete Solution Appraisal practice of determining what something is worth Asset valuable property owned by a person or company Bankruptcy a legal status of a person or other entity that cannot repay the debts it owes Beneficiary a person who gains from some...

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  • April 30, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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Work Keys Exam With Complete Solution
Appraisal
practice of determining what something is worth


Asset
valuable property owned by a person or company


Bankruptcy
a legal status of a person or other entity that cannot repay the debts it owes


Beneficiary
a person who gains from something, especially a trust, will or life insurance policy


Breach of contract
term describing a situation where a binding agreement or bargained-for exchange is not honored by
one or more of the parties


Buyout
the purchase of a controlling share in a company, usually forcing another owner out of the company


Caveat emptor
"buyer beware", the idea that the buyer has a responsibility not to get fooled by high-risk sales
practices.


Credit report
report used by a lender to decide whether a person is likely to pay back a loan.


Discount
a reduction in price


Downpayment
money paid when a loan agreement is made


impound
seize and take legal custody of something because of a violation of a law or regulation


interest
fee, usually measured in percentage points, paid by a borrower to the owner as a compensation for
the loan


lender
person or group who allows another to borrow money or assets.

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