Answer:
prequalification
Explanation:
Prequalification is used as an initial assessment of the applicant's ability to access a loan. Prequalification is used in a mortgage process, to give people who run the loan a general idea of how much a person can borrow and for what type of loan terms they could qualify.
B.) emphasis
C.) gradation
D.) alignment
A budget that is prepared before the beginning of the period for a specific level of activity is called a static budget.
A static budget is a traditional budget that outlines the planned revenues and expenses for a given period based on a single level of activity. It is typically prepared at the beginning of the fiscal year or planning period and is based on the assumption that the activity level will remain constant throughout the period. The static budget is useful in providing a clear financial plan for the organization, allowing management to determine the resources that are required to achieve specific goals.
However, one of the limitations of a static budget is that it does not account for changes in activity levels, making it difficult for management to adjust to changing conditions. This is where flexible budgets come into play, which are designed to adjust for changes in activity levels and provide more accurate financial projections.
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Answer:
Fourth National Bank made an assignment.
Explanation:
A standard form deed of assignment under which a lender (the assignor) assigns its rights relating to a facility agreement (also known as a loan agreement) to a new lender (the assignee). Only the assignor's rights under the facility agreement (such as to receive repayment of the loan and to receive interest) are assigned. The assignor will still have to perform any obligations it has under the facility agreement.