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Nata [24]
1 year ago
11

A legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds is called a(n):

Business
1 answer:
Pachacha [2.7K]1 year ago
6 0

A mortgage is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.

<h3>What is a mortgage?</h3>

This refers to the legal agreement by which a bank or society lends its money at interest in exchange for taking title of the debtor's property with the typical condition that the conveyance of title becomes void upon the payment of the debt.

Often, these mortgage also gives the lender a right to be paid from the cash proceeds of the sale of a borrower's assets identified with.

Hence, it is the legal agreement that helps protect a lender if a borrower does not make required payments on notes or bonds.

Read more about mortgage

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Answer:

Total Perdiod Cost 44,650

Explanation:

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Under Variable costing, the fixed cost are period cost.

So total period cost = total fixed cost

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An uncertain future event affecting the consequence associated with a decision is known as a?
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An uncertain future event affecting the consequence associated with a decision is known as a chance event.

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4 0
2 years ago
The director of marketing for a local company mails out 10,000 surveys in her city to evaluate the appeal of her company's new p
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Mail surveys have been found to have an average response rate of about 50%. This is a reasonable rate and the success seems to be given by the fact that the hard copy mail arrives on the doorstep of the respondent.

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