21 - Which of the following forms of payment provides a high level of assurance to both the seller and the buyer? A) Advance payment B) Consignment sale C) Payment by letter of credit D) Payment with acceptance credit E) Payment against documents
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
21 - Which of the following forms of payment provides a high level of assurance to both the seller and the buyer?
A) Advance payment
B) Consignment sale
C) Payment by letter of credit
D) Payment with acceptance credit
E) Payment against documents
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