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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
WHAT IS 'MORTGAGE AND REVERSE MORTGAGE'?
 Question Submitted By :: Laxmi
I also faced this Question!!     Rank Answer Posted By  
 
  Re: WHAT IS 'MORTGAGE AND REVERSE MORTGAGE'?
Answer
# 1		 
mortgage  is nothing but mortgaging the vehicle with 
financier and availing a loan
 
Is This Answer Correct ?    4 Yes 2 No
Ravindra
 
  Re: WHAT IS 'MORTGAGE AND REVERSE MORTGAGE'?
Answer
# 2		 
the mortgage is a security for the loan that the lender 
makes to the borrower. It is a transfer of an interest in 
property to a lender as a security for a debt.

Reverse mortgage an arrangement in which a homeowner 
borrows against the equity in his/her home and receives 
regular monthly tax-free payments from the lender.
 
Is This Answer Correct ?    9 Yes 0 No
Priyank Kaushik
 
 
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
What is the difference between straight line depriciation method and written down value method? Deloitte4
Expand BEMS  1
a trader sold an article for Rs 714/-after allowing discount of 15%.If not allowed discount he would have make 20%profit. If so what will be thwe cost price of the article  4
WHAT IS DERIVATIVE? India-Infoline20
Proposed Divided is not shown as current liabilities Genpact4
Expand--------STSC  1
what is meant by debit and credit IBM12
Expand---------PSRT  1
What is an Acrual Interest? In which side of the Balance Sheet, it should be shown???? ICAI10
EXPAND___________NGO  1
what is the difference between take over and aquisation? Capital-IQ4
what are the concepts & conventions of accounting?  4
Expand A T M  7
What is capital market? Mellon5
Expand------------RST  1
What do you mean by Mutual Funds ? Types Capital-IQ2
what is capital budgeting and techniques of capital budgeting. Suzuki4
can aney one explain it what is spin off / split off ?  1
what is daily accrual?  1
can a company libale to pay provident fund on employee's overtime ?  2
 
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