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 ?

Related Mcqs:

1. 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

2. 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

3. A payment is made in return for some transference of privilege. What this payment is called ?

   A. Royalty
   B. Rent
   C. Share
   D. Intellectual royalty

4. What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ?

   A. National economic risk
   B. Country economic risk
   C. Country finance risk
   D. Foreign exchange risk

5. Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?

   A. Bonus
   B. Overtime
   C. Prize
   D. Gift

6. What is National debt or public debt ?

   A. State’s borrowing from its population
   B. State’s borrowing from foreign government
   C. state’s borrowing from international institution
   D. All of these

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

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

8. 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

9. 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 ?

   A. Foreclosure
   B. Default
   C. Bankrupt
   D. None of these

10. A borrower gives to creditor a security to grantee repayment of a loan. What is this security called ?

    A. Pledge
    B. Assurance
    C. Collateral
    D. Guaranty