question archive Match the scenario/description with the appropriate term
Match the scenario/description with the appropriate term
Subject:BusinessPrice: Bought3
Match the scenario/description with the appropriate term. Use the space provided for your answer. This is an individual assignment.
Scenario/description:
1. Td Bank loan Marty money to purchase his new car. Marty's new car will be used as collateral for the transaction. __________________________________
2. Steve is unable to pay his debts as they come due. _____________________
3. A credit Card is an example of what type of transaction with the bank_______________________________________________________________
4. Sara is no longer able to pay her debts as they come due and wants a fresh start, where she does not have to pay her creditors back. Sara will need to go ________________ to accomplish this.
5. Michael needs to borrow money from the bank to assist in purchasing his new home. The bank will want what type of security for the loan. __________________________________________________
6. The type of shares that allow the owner to vote as to who is on the board of directors are called ________________ shares
7. Stacy is not able to pay her debts as they come due but does not want to go bankrupt. Stacy may decide to make __________________________to her creditors.
8. Michael wants to inject money into his company by selling shares. This type of financing is called _________________financing
Terms:
Equity Unsecured Loan
Mortgage Bankrupt
Insolvent Common
Proposal Secured Transaction
Debt Preferred
