Examlex
A child waiting in line for the cashier in a grocery store starts screaming and crying that she wants a chocolate bar.At first her mother refuses but as the crying continues,the mother relents and agrees to buy the candy.The child immediately stops crying.The child's response to her mother's behaviour is an example ________________.
Line of Credit
A credit facility extended by a bank or financial institution to a government, business, or individual customer that enables the customer to draw on the funds when needed.
Legally Binding
An agreement or contract that is enforceable by law, obligating parties to fulfill their respective duties.
Secured Lenders
Secured lenders are creditors who have the right to claim specific collateral from the borrower if the borrower defaults on the loan.
Trade Credit
Credit granted in the normal course of business between companies. That is, vendors don’t usually demand immediate payment for their products.
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