Exam 1: History and Background

As used in business, a "security" is

A "negotiable instrument" is one that can be

As used in mortgage lending, the term "collateral" means

The allodial system of land ownership that forms the basis of ownership in the United States is best described as the

Which of the following is most descriptive of the primary market?

When a lender who's primary aim is to pool mortgages to resell or commit them to a Mortgage Back Security and then service the mortgages uses a funding vehicle called a:

After the recent financial crisis Fannie Mae and Freddie Mac were put into conservatorship and the new government agency that has responsibility for their oversight is:

The need to have a borrower sign both a mortgage and a promissory note is necessary as these two documents are:

Of the following, the more precise description of a share of stock is

A word that has the legal meaning of a borrower remaining in possession of property pledged as security for a loan is

Bonds are sold in the financial market by corporations for the purpose of

Of the following, the more precise description of a share of stock is:

In mortgage lending, the best description of a loan discount is

To create a legally valid security interest, a business must ensure that the interest is: