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Research has shown that punitive types of disciplinary procedures are effective in long-term changes in negative behaviors.
Fixed Payments
Regular, equal amounts paid over a specified period until the total amount of debt is paid off.
Security Agreement
A legal document that provides a lender a security interest in a specific asset or property pledged as collateral.
Secured Goods
Items that are used as collateral for a loan or are subject to a security interest, ensuring the fulfillment of an obligation.
Acceleration
A provision in a mortgage agreement that allows the mortgagee to demand the entire balance due when the mortgagor misses a single installment payment.
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