What is a secured transaction?
What will be an ideal response?
Most lenders take a security interest in either the item purchases or some other personal property of the debtor because they are reluctant to lend large sums of money simple on the borrower's promise to repay. The property in which a security interest is taken is called collateral. When a creditor extends credit to a debtor and takes a security interest in some property of the debtor, it is called a secured transaction. If the debtor does not pay the debt, the creditor can foreclose on and recover the collateral.
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Machines that are programmable and able to complete repetitive steps in a manufacturing process are?
a. CAM b. CAD c. CIM d. CNC
Which of the following statements about beta and risk is correct??
A. ?A security's beta measures its diversifiable (systematic, or market) risk relative to that of other securities. B. ?If the returns of two firms are negatively correlated, one of them must have a negative beta. C. ?A stock's beta is less relevant as a measure of risk to an investor with a well-diversified portfolio than to an investor who holds only one stock. D. ?Combining stocks with perfectly positively correlated stock returns into a portfolio is less risky than holding an individual stock since the portfolio will benefit from diversification. E. ?If two stocks have the same standard deviation and the correlation coefficient between the returns of two stocks equals zero, an equally weighted portfolio of the two stocks will have a standard deviation equal to that of the individual stocks.
If the principal is unidentified, the agent cannot be liable on a contract
Indicate whether the statement is true or false
The Fair Labor Standards Act is often called the minimum wage law
Indicate whether the statement is true or false