When a creditor extends credit to a debtor and takes a security interest in some personal property of the debtor, it is called a ________.
A. super-priority lien
B. collateral claim
C. collateral disposition
D. secured transaction
Answer: D
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For a capital lease, the lessee must record both an asset and a liability. The amount of the asset is subsequently reduced by the process of __________________________
Fill in the blank(s) with correct word
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What will be an ideal response?
Which of the following is not true regarding the unemployment insurance program?
A. It provides unemployment benefits to qualified workers. B. It adjusts rates paid by employers based on their merit rating. C. It is administered by each state. D. It requires withholding from employee wages. E. It is a joint federal and state program.