By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?

Related Mcqs:

1. What is called interest payments plus repayments of principal to creditors ?

   A. Debt retirement
   B. Debt relief
   C. Debt service
   D. Payback

2. Interest payments and any principal repayments which are due on a country’s external debt are known as ?

   A. Debt Payment
   B. Service Charges
   C. Debt Charges
   D. Debt service

3. What is called interest that is paid previously earned interest as well as on the principal ?

   A. Gross interest
   B. Simple interest
   C. Total interest
   D. Compound interest

4. Beyond any mortgage thereon and liability therein, the residual value of a business or property is called equity. Which of the following are also included by term equity ?

   A. The market value of securities less any debt incurred and common stock and preferred stock
   B. Funds provided to a business by the sale of stock
   C. Both of them
   D. None of them

5. Using a successful brand name to introduce additional items in a given product category under the same brand same (such as new flavors, forms, colors, added ingredients or package seizes) is called a(n)?

   A. line extension
   B. brand extension
   C. multibranding
   D. new brands

6. Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium economic theory suggests that the nation’s balance of payments would move into a surplus position if there occurred in the nation a (an) ?

   A. increase in the money demand
   B. decrease in the money demand
   C. increase in the money demand
   D. None of the above

7. Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium its balance of payments would move into a surplus position if there occurred in the nation a (an) ?

   A. decrease in the money supply
   B. increase in the money supply
   C. decrease in the money demand
   D. None of the above

8. In the context of contracts, what refers to secret payments made to ensure that the contract goes to a specific firm ?

   A. kickback
   B. Commission
   C. Bribe
   D. Graft

9. Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ?

   A. Rolling debt
   B. Bad debt
   C. Rescheduling
   D. Default

10. Interest that is calculated as a simple percentage of the original principal amount is called ?

    A. Market interest
    B. Easy interest
    C. Compound interest
    D. Simple interest