Something of value given or pledged as security for payment of a loan is called ________.

A. collateral
B. personal equity
C. capital equity
D. chargeback


Answer: A

Business

You might also like to view...

Button Transportation purchases many pieces of office furniture with an individual cost below $200 each. Button chooses to account for these expenditures as expenses when acquired rather than reporting them as property, plant, and equipment on its balance sheet. The company's accountant and independent CPA agree that no accounting principle has been violated. What accounting justification allows

Button to expense the furniture? a. Conservatism b. Matching c. Materiality d. Verifiability

Business

According to the text, a salesperson should apologize to the prospect for taking his time.

Answer the following statement true (T) or false (F)

Business

Our next ____ meeting will be at 3 p.m. on Wednesday

A) dep't. B) dept.

Business

Customers will have a negative perception of revenue management tactics if they are simply presented as a mechanism for extracting maximum revenue

Indicate whether the statement is true or false.

Business