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xenn [34]
2 years ago
13

MTH Bank has given the McKelvey's a written pledge to lend $250,000 on a new construction home, for 30 years, at 6.53%. The McKe

lvey's will now present this pledge to the subdivision's sales agent to continue with their new home's construction. Which loan definition applies?
A. Conditional Approval
B. Underwriting
C. Exculpatory Clause
D. Non-Recourse Clause
Business
1 answer:
ra1l [238]2 years ago
8 0

Answer:Conditional approval

Explanation:This is a loan that has been approved but there are still conditions which are still pending that need to be met such as some outstanding documents or other conditions such as in this case they still need to take this pledge to the subdivision sales agent.

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There are four type of market segmentation:

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Occasion segmentation is one of the way of behavioral segmentation as few market are segmented on the basis of specific occasion and product need to be introduced as per the need of the occassion as it uses customer buying behavior on the particular occasion. Similarly, in the case given the sale of turkey in US increases on the eve of Thanksgiving.

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Explanation:

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