Credit limit - Study guides, Class notes & Summaries

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

TEST BANK Enterprise Risk Management S - The Marketplace to Buy and Sell your Study Material 1 RSK2601 TEST BANK Question 1 Which one of the following is a benefit of effective risk and opportunity management? 1) Improved profit certainty 2) Increased shareholder value 3) Increased stakeholder confidence Correct option 3 4) Lower economic returns Explanation Improved cost certainty, sustainable shareholder value, increased stakeholder confidence and higher economic returns...

Property and Casualty Insurance Exam – Georgia Questions and Answers 100% Pass BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premi...

AUE1501 Assignment 4 Semester 2 2023 (SOLUTIONS) Question 1 Not yet answered Marked out of 1.00 Flag question Question text In the recording of receipts function in the revenue and receipts cycle, one of the risks is that a deposit is credited to a wrong debtor. Identify the control to mitigate this risk. a. Queries from debtors should be investigated by an employee independent of debtors and banking. b. Cash receipts should be written up on a daily basis, by date and receipt numbe...

WA State 3 Real Estate Exam Prep: Rockwell Institute Sample Exams 3 questions with correct answers The owner of property located along a stream or river may have which type of water right? A. Alluvion B. Riparian C. Appropriation D. Littoral Correct Answer-Your Answer: B Riparian rights are water rights that belong to owners of property that borders a stream or river. (Littoral rights refer to water rights associated with property that borders stationary water, such as a lake.) Five...

1. Select the false statement listed below: In the HO-3 policy, the ALE pay- ments will be made only for: Select the single best answer: A. The shortest time necessary to repair or replace the damaged property, but not to exceed 24 months. B. If the insured does not rebuild, the time necessary for the insured to relocate in permanent living quarters, but not to exceed 24 months. C. ALE payments can run beyond the expiration of the policy. D. ALE payments are limited to incurred costs fo...

Indiana BMV For Hire Endorsement Study Guide rated 100% correct Gross weight of at least 16,000 lbs but not more than 26,000 lbs to operated for the purpose of transporting property for hire If you are transporting property for hire with a for hire endorsement, what is the vehicle's gross weight Iimit? 15 to 50 feet Vehicles carrying passengers for hire are required to stop at RR tracks/crossing. These vehicles must stop within How many feet of the RR tracks? 13' 6" What is the maximu...

Test Bank for Success in Practical Vocational Nursing 9th Edition by Knecht Chapter 1: Personal Resources of an Adult Learner Knecht: Success in Practical/Vocational Nursing MULTIPLE CHOICE 1. Which individual in a practical/vocational nursing class would be identified as a traditional adult learner? a. One who has been out of school for many years b. One who has children and grandchildren c. One who knows the routine of education d. One who is in his or her early 20s ANS: D Traditio...

Test Bank for Success in PracticalVocational Nursing 10th Edition by Carroll and Collier (STUVIA) Chapter 01: Personal Resources of an Adult Learner Carroll: Success in Practical/Vocational Nursing, 10th Edition MULTIPLE CHOICE 1. Which individual in a practical/vocational nursing class would be identified as a traditionaladult learner? a. One who has been out of school for many years b. One who has children and grandchildren c. One who knows the routine of education d. One who is...

Professional Scrum Product Owner II (PSPO II) Exam Questions Professional Scrum Product Owner II (PSPO II) Exam - answer-The Professional Scrum Product Owner II (PSPO II) certification validates your understanding of advanced Professional Scrum Product Ownership, the Scrum framework and delivering valuable products. When taking PSPO II, you should have experience as a Product Owner and a strong understanding of the fundamentals of Scrum. PSPO II tests your knowledge of Scrum, Product Owne...