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Nalini Is in France as an Exchange Student

question 5

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Nalini is in France as an exchange student.While out for dinner with new friends she makes the "okay" gesture by touching her thumb and forefinger together and clearly offends Pierre,who is sitting across from her.Confused,Nalini asked what she had done wrong,and learned that this gesture is obscene in France.Nalini is horrified that her French classes never educated her on French


Definitions:

Collateral

refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.

Set Off

A legal defense that allows a debtor to counterbalance a claim from a creditor with a claim of their own against the creditor.

Solvent

The state of being able to meet all financial obligations as they come due.

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