Defaulting - Study guides, Class notes & Summaries

AFSB 151 Final Exam Questions With Complete Solutions Graded A+ A surety bond is a written document in which one party guarantees a second party's Performance to a third party for the second party's failure to fulfill an obligation. Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the United States? Multiline property-casualty insurers Sureties use what written document to authorize a producer to act as the surety's agent in bon...

Champions Real Estate Finance Exam (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: All residential mortgage loan originators must register with Answer: NMLSR National Mortgage Licensing System & Registry Q: Who is responsible for affordable housing Answer: TDHCA Texas Department of Housing & Community Affairs Q: Who is applicable to all federally related mortgage loans Answer: RESPA Real Estate Settlement Procedure Act ...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

ECS2605 EXAM PACK. ECS2605: The South African Financial System May/June 2020 Memo Compiled by Ralph 5 SECTION A – COMPULSORY ESSAY QUESTIONS Answer ALL of the following questions in the space provided. Section A counts 20 marks in total. (a) What is a credit rating? (2) A credit rating is an evaluation of the credit risk of a prospective debtor, predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. (b) Why does South Afr...

ECN 211 Exam 3 – Marburger Exam | Questions and Correct Answers | Latest Update 2024/2025 Financial Markets - Answer -People save money that they don't intend to spend anytime soon Businesses need money to finance capital investment The purpose of financial markets is to match up savings with investment Banks are the primary financial institutions that seek to match up savings with investment Capital Investments - Answer -Capital investment allows a country to produce more goods an...

RMI 3502: EXAM 1 (topics 1-3) Latest 2024 Graded A+ Stock Insurance Companies These insurance companies primarily advantage from the ability to build capital quickly Stock Insurance Companies The most common type of insurance company is... Stock Insurance Companies This type of company is a proprietary insurer (for-profit) and owned by stockholders who are the risk bearers of the company Stock Insurance Companies These companies raise capital by: 1. Selling stock 2. Issuing ...

in the even of default by the buyer: the seller can choose to accept the buyers earnest money as ________ _________, releasing all parties from any further obligation under the contract. these are damages that are established in the contract - ANSWER liquidated damages in the even of default by the buyer: the injured party may "seek such other relief as may be provided by law." this would be an award of ________ _________ by the court. because ____________ __________ are awarded b...

UGBA 196 Question and answers already passed 2023/20241 out of every 6 - correct answer Americans receive a Social Security check each month introductory rate - correct answer no rate increase for first 12 months of opening a new card, unless intro rate has ended interest rate change - correct answer must be notified 45 days in advance defaulting on credit card - correct answer if you are more than 60 days late in paying minimum, interest goes to default rate of 28-35% for an accoun...

NSA COMPUTER NETWORK TEST EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ What are the 2 keys to decimal/hex/octal/binary conversions? - -1. Binary is the intermediary 2. BE CAREFUL What is endianness? - -The order or sequence of bytes of a word of digital data in computer memory What is big endian? - -The most significant byte is stored at the smallest memory address and the least significant byte is stored at the largest memory address What is little endian? - -The most significant byte...

Law of Contracts Exam 2 Default of contracts & types of damages - ANSWER-BUYER DEFAULT: In the event of default by the buyer, the seller may have several options Liquidated damages Monetary damages Specific performance Punitive and compensatory damages must be pursued in court. Punitive damages punish the defaulting party, and compensatory damages are set to cover the actual injury or economic loss. SELLER DEFAULT: In the event of default by the seller, the buyer becomes the injured pa...