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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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Porsche has enhanced power over buyers because its strong reputation makes buyers more willing to pay a premium price. this ____
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This "lessens" rivalry, since buyers become "less" price-sensitive.

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3 years ago
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Four basic steps are used in an abc system. list the proper order of these​ steps, which are currently scrambled​ below:
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First Identity the primary activities
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7 0
3 years ago
A financial analyst is attempting to assess the future dividend policy of Environmental Systems by examining its life cycle. She
GrogVix [38]

Answer:

Consider the following calculations

Explanation:

A. Dividend per Share = Dividend Payout Ratio * Earnings Per Share

Putting the values given to calculate dividend per share we get,

Stages DPS = Payout Ratio * EPS DPS

Stage 1 =0.00*$0.30                         $0

Stage 2 = 0.13*1.95                         $0.25

Stage 3 =0.31 * $ 2.80                         $0.868

Stage 4 = 0.56*$3.40                         $1.90

b. Calculation of Investors After Tax Income from Cash Dividend:-

Cash Dividend = Number of Shares * DPS in Stage IV

= 290 * $ 1.90

= $552.16

After Tax Income = DIvidend ( 1 - Tax Rate)

= $ 552.16 ( 1- 0.15)

= $ 469.34

C:- In Stage II and Stage III for Growth & Expansion respectively, the firm is likely to utilise stock dividend or stock split.

5 0
3 years ago
The checkbook balance of Lester Co. was $922.55. The bank statement revealed a balance of $3,881.14. The bank statement showed i
storchak [24]

Answer:

The reconciled balance is 7,294.14

Explanation:

bank statement      3,881.14

deposit in transit   9,555.88

oustanding check<u> (6,142.88)  </u>

bank statment        7.294,14

From the bank accout we deduct the outstanding check and increase by the deposit in transit.

accounting        922.55

interst                   77

service charge    (38.22)

note collected  6,815.00

check              <u>   (482. 19)  </u>

accounting      7.294,14‬

From the accounting we adjust for the transaciton which aren't know by the company:

the interest and service charge, the note colected and we also adjsut for mistake like the check not deducted.

in both we must reach the same final answer.

4 0
3 years ago
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