Illinois Real Estate Exam

Category - Real Estate

The liquidation of a financial obligation on an installment plan or basis is:
  1. Conversion
  2. Amortization
  3. Acceleration
  4. Conveyancing
Explanation
Answer: B. Amortization means to pay principle and interest over the life of the loan.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz