What is a mortgage?

Answers

Answer 1

Answer: A mortgage is a loan made by a bank or a specialized mortgage lender given to a buyer in order to purchase a house. A mortgage is a legal agreement between the bank and the buyer in which the bank lends money to the buyer to purchase the house, and the buyer agrees to pay back the money in full with an agreed upon interest rate.

Related Questions

To enter markets where superior profits are possible, an MNC should do which of the following? a. establish a subsidiary or acquire a competitor in a new market. b. acquire a competitor that has controlled its local market. c. establish a subsidiary in a market where tougher trade restrictions will adversely affect the firm's export volume. d. establish subsidiaries in markets whose business cycles differ from those where existing subsidiaries are based.
The teenage market is a market that is categorized in what way?a. By commodityb. By pricec. By locationd. By consumer
Robert Fulton's invention of the _____ greatly increased trade and provided for faster shipping of goods.
For a new business, what percentage of your estimated first year's gross sales should be allocated to your advertising and public relations budget?a. 10% b. 5% c. 7% d. 3%
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He decline in U.S. manufacturing was balanced by all of the following, excepta. technology.
c. computers.
b. pharmaceuticals.
d. agriculture.

Answers

The decline in U.S. manufacturing was balanced by all of the following, except pharmaceuticals. The correct option among all the options that are given in the question is option "b". The other choices are incorrect and can be avoided. I hope that the answer has come to your desired help.

Answer:

Explanation:

Trey Tires is going to merge with Big Spokes, and the merger will result in layoffs. As a result, the workers are not happy. They start doing less work and waste their time by taking frequent breaks. In the context of scientific management, this behavior of the workers is known as _____.

Answers

Answer:

The correct answer is: soldiering.

Explanation:

American economist Frederick Winslow Taylor (1856-1915) in his book "The principles of Scientific Management" (1911) described the term soldiering to refer as the act by which individuals decrease the efficiency of their duties at work in purpose because of different adverse situations arose such as few wages incentives or the belief that by increasing productivity the less productive workers could be affected through lay-offs.

Thomas Trotte is 50 years old. He wants to purchase a $50,000, 5-year term life insurance policy. The premium per $1,000 is $5.80. What is his annual premium?