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16. Had been any of the labor Corporation's belongings pledged as protection or encumbered in any way at the conclusion of the reporting period of time?

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Ideal of economic downturn – The appropriate of a borrower to terminate the agreement inside of just three Doing the job times.

Secured mortgage – This is the financial loan the place the borrower will pledge his asset like a motor vehicle or residence that will be marketed if He's not able to pay out again the mortgage.

Repossess – The voluntary or compelled surrender of things in the case of a client’s failure to pay back a personal loan.

Demand off – It is a credit card personal debt or financial loan that's composed off as becoming uncollectible from the borrower. This sometimes is the situation if the bank loan continues to be bought or presented the debt to some assortment company. This financial debt continues to be collectable.

14. Precisely what is the maximum amount recoverable underneath the labor Business's fidelity bond to get a decline attributable to any officer, staff or agent with the labor Business who handled union resources?

(e) Another team of workforce described via the employer that's not built to present someone-worker choice with regards to participation in the health care cost plan.

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