1. What does the term 'Assignment' denote?
2. What does the term 'Endowment' mean?
3. Why is a loan not taxable income?
4. What is an unsecured loan?
5. Why is interest earned on a loan considered taxable revenue?
6. How do consumers abuse loan practices?
7. What is an interest only loan?
8. When do lenders require Private Mortgage Insurance (PMI)?
9. What is the payment of the monthly installment by the borrower to the lender called?
10. What does the term 'Deferment' denote?
11. What is meant by a secured loan?
12. What type of repayment plans do credit cards typically have?
13. Should a loan be taken out just for its tax benefits?
14. What is meant by Subprime Lending?
15. What is meant by the term 'Impound'?
16. What happens if a lender charges a rate beyond what is legally allowed and the borrower does not pay?
17. What is the term used when a borrower does not pay back their loan?
18. What is meant by the term 'Portfolio'?
19. How is interest on a loan shown on the financial statements?
20. What does the term 'Foreclosure' denote?
21. What is the debt that must be repaid before a subordinated debt receives any payment in the event of default called?
22. How does a credit card differ from a personal loan?
23. What type of debt do credit cards fall under?
24. What would happen to the balance sheet of a company that has automobiles with loans associated with them, and sells the automobiles for more than the carrying value of the loan?
25. Why can a lender not deduct the loans made from their net income?
26. How would a company that purchased a building using a mortgage show it in its account books?
27. What does the term 'Survey' imply?
28. What does the term 'General Recourse' mean?
29. What is meant by the term 'Credit Repository'?
30. Why have credit cards become a popular method of payment?
31. What does the term 'Covenant' mean?
32. What can a lender do if a borrower refuses to pay back a loan?
33. What is the process of evaluating a loan application to determine the advisability of making the loan called?
34. What is meant by Predatory Lending?
35. What is meant by the term 'Usury'?
36. How much is one point worth?
37. What is meant by a secured credit card?
38. What does the term 'Escrow Payment' mean?
39. What is meant by the term 'Forbearance'?
40. What does the term 'Flipping' denote?
41. What is meant by Housing Expense Ratio?
42. How would a 10 year loan show up on a company balance sheet?
43. How does the payment of a short term loan affect a company's balance sheet?
44. What does the term 'Closing' mean?
45. What is the short-term loan that provides temporary financing until more permanent financing is available called?
46. What does the term 'Collateral' mean?
47. What is meant by the term 'Floor'?
48. When can interest paid be deducted on a tax return?
49. What is the purpose of covenants?
50. What is meant by the term 'Recoverable Grants'?
51. What purpose do mortgage brokers serve?
52. Which one is a reason for the proliferation of credit cards?
53. Why is interest paid by the borrower deductible on their tax return?
54. Why can a borrower not deduct loan repayments from their income when calculating taxes?
55. What typically happens if a borrower breaks one of the loan covenants?
56. What is a 'custom loan repayment schedule'?
57. Why have the lenders been restricting the issuance of credit cards in recent years?
58. How are borrowers affected by nonpayment of loans?
59. Why are 'Pay Day Loans' considered predatory?
60. What purpose does a title serve?
61. What is a loan that has a fixed rate of interest over a period of time known as?
62. What is 'Equity'?
63. What is meant by the term 'Assumption'?
64. When does a mortgage payer have to pay a late payment penalty?
65. How does a long term loan received in cash affect a firm's quick ratio?
66. What is a written document that transfers the title to personal property callled?
67. What is something that has been made payable and is overdue and unpaid called?
68. What would a company that wants to decrease their debt to equity ratio do?
69. What does the term 'Escrow' mean?
70. Who is a mortgagee?
71. What is a typical mortgage loan term?
72. What are low interest loans offered by schools to the neediest students called?
73. What does the term "Margin" mean?
74. What is a down payment?
75. Why is the repayment of a loan not considered income to the lender?
76. How do lenders abuse people who are looking to get their homes refinanced?
77. What is the collateral under a mortgage loan?
78. Why would someone not use a credit card to purchase a car?
79. What would the entry be for a monthly interest payment on a long term loan?
80. What is the definition of a loan?