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Pepsi [2]
2 years ago
5

the clause in a mortgage that best describes the requirement of the mortgagee to execute a satisfaction of mortgage when the not

e has been fully paid is
Business
1 answer:
pashok25 [27]2 years ago
5 0

The clause in a mortgage that best describes the requirement of the mortgagee to execute a satisfaction of mortgage when the note has been fully paid is <u>defeasance</u>

<u></u>

<h3>What Is Defeasance?</h3>

When the borrower sets aside cash or bonds big enough to pay the obligation, the contract's defeasance clause renders the bond or loan worthless on the balance sheet. The outstanding debt and cash balance on the balance sheet are equal, thus they do not need to be reported because the borrower sets aside funds to pay down the bonds.

Buying commercial real estate is one instance of using defeasance. Due to commitments to bondholders having a stake in the commercial mortgage-backed securities (CMBS) that houses the loan, commercial loans may have hefty prepayment penalties in contrast to home mortgages.

To learn more about defeasance from given link

brainly.com/question/17253783

#SPJ4

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Identify the risks exist in the conversion cycle of Central Production Limited.
Elenna [48]

Answer:

Authorization of transactions

Explanation:

In simple words, There is indeed a possible possibility of getting into a contract multiple times owing to uncertain subordination. To order to minimise this, all workers will obey the defined rules for multiple purchases, such as the fixed pricing chart, to insure that it is a minimal amount of mistake.

     A few assigned staff members should be delegated with difficult responsibilities linked to their divisions, such as the manufacturing clerk, who is accountable for revamping the internet material bill as well as the path sheet documents in order to decrease human mistake.

6 0
3 years ago
Under the Uniform Securities Act, all of the following must be disclosed in an investment advisory contract EXCEPT A) other stat
Sergeu [11.5K]

Answer: A) other states in which the adviser is registered

Explanation:

The Uniform Securities Act was put in place in order to deal with fraud involving securities at state level and to also help the Securities and Exchange Commission in the regulation and enforcement.

Based on the options provided in the question, under the Uniform Securities Act, all of the following must be disclosed in an investment advisory contract except other states in which the adviser is registered.

6 0
3 years ago
Selected current year company information follows: Net income $ 16,753 Net sales 720,855 Total liabilities, beginning-year 91,93
a_sh-v [17]

Answer:

the total asset turnover is 2.65 times

Explanation:

The computation of the  total asset turnover is shown below;

As we know that

Total assets turnover is

= Net sales ÷ average of total assets

= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2

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= 2.65 times

Hence, the total asset turnover is 2.65 times

7 0
3 years ago
11) One tenet of classical economics is that A) the role of the government should be limited, since the market will always be se
STatiana [176]

Answer:

The correct answer is A) the role of the government should be limited, since the market will always be self-correcting.

Explanation:

Principle of minimum state intervention, free market or laissez faire: at least government, the best, economic processes were considered as capable of self-regulation, in other words, economic forces themselves will direct production, exchange and consumption to Its most efficient level. State action must be confined to enforcing individual rights (especially property rights), providing national defense and some public services of general interest (justice, some types of education, etc.).

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3 years ago
Question #5
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