The systematic repayment of loan is known

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Reference no: EM132221192

1. An important emerging form of housing for the elderly is

A) congregate care centers.

B) apartment hotels.

C) nursing homes.

D) recreation motels.

2. A wraparound loan is also called

A) a participation loan.

B) an all-inclusive loan.

C) a term loan.

D) an exculpatory mortgage.

3. The systematic repayment of a loan is known as

A) the future worth of money.

B) the present worth of money.

C) amortization.

D) a first mortgage.

4. When a tenant agrees to pay a fixed minimum rent plus or against a specified percentage of the gross business, it is called a

A) gross lease.

B) fixed lease.

C) percentage lease.

D) graduated lease.

5. When the promoter of a land speculation project sells the receivable land contracts, it is called

A) factoring.

B) a release clause.

C) a blue-sky scheme.

D) subordination.

Reference no: EM132221192

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