-----is not included in the category of payment guarantee. A. Deferred payment bond B.Guarantee for compensation trade C. Loan guarantee D.Bid bond
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18 -----is not included in the category of payment guarantee.
A. Deferred payment bond
B.Guarantee for compensation trade
C. Loan guarantee
D.Bid bond
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- 18. Which of the following loss contingencies is not usually accrued? a. product warranty obligationsb. premium offer obligationsc. risk of loss from fired. noncollectibility of receivables32. This clause, typically found in a loan agreement, permits the holder to declare the entire amount of the loan due, in the event of a default by the borrower: -default clause -acceleration clause -HDC clause -none of the above_____ is a contract that involves compensation for specific potential future losses in exchange for periodic payments and that provides for the transfer of the risk of a loss, from one entity to another, in exchange for a premium. a.Spot contract b.Insurance c.Hedging d. Forward contract
- A guarantee issued by an FI that obligates the FI to pay if the purchaser of the letter defaults on a debt is called a a. loan commitment. b. forward rate agreement. c. credit swap agreement. d. collar. e. None of these options are correct.7 - Which form of payment is not considered as advance payment?A) Payment by wire transferB) Pre-financingC) Cash paymentD) Documentary paymentE) None14 Risk related to counterparty failure to meet their obligation based on the initially agreed terms is referred to as:* A. Operational risk B. Funding risk C. Credit risk D. Fiduciary risk
- Chapter 10, Question 16: What are contingent liabilities? List three examples of contingent liabilities. When should contingent li-abilities be recorded in the accounts?Determine if this shall result in recognition of liabilities 16.Sale of goods with product warranty a. yes b. noWhich of the following loan types has a beginning loan balance equal to the ending loan balance? Group of answer choices Interest-only Partially amortizing Negative amortizing Fully amortizing Equal amortizing
- 15. An interest-only loan is an example of a: partially-amortizing loan. fully-amortizing loan non-amortizing loan. loan with negative amortization.2. Which of the following may not be equal to the contract rate of interest? a. stated rateb. nominal ratec. face rated. effective rateThe amortization of premium on bonds payable will _____________ the net income. a. increaseb. decreasec. not affectd. offset