It refers to the assignment by the debtor of all his properties in favor of his creditors so that the latter may sell them and recover their claims out of the proceeds.1 pointPayment by Cession.Payment in Escrow.Tender of Payment.Dation in Payment.

Property that is pledged to the lender in the event that a borrower cannot make his or herdebt payment is calledA) collateral.B) points.C) interest.D) good faith money.

What is a tender?Multiple choice question.It is an obligation in which a person acknowledges in court that he or she will perform some specified act or pay a price upon failure to do so.It is an offer by a contracting party to perform, along with being ready, willing, and able to perform, a duty outlined in a contract.It is an informal contract that does not require any formality.It is a binding document that a buyer obtains from his or her bank to guarantee that payment for goods will be made to the seller.

The liability arising from the purchase of goods or services on credit is called:CreditorsAccounts payableLoanAccounts receivable

It is a method by which banks borrow from each other to be able to maintain the cash reserve ratio.Answer choicesSelect only one optionREVISITCommercial papersTreasury billDebenturesCall money

A liability requiring a series of payments to the lender is referred to as a(n):Multiple ChoiceInvestment note.Debenture.Discounted note.Installment note.Indenture.