A Time Draft Is Payable on Presentation to the Drawee;

question 53

True/False

A time draft is payable on presentation to the drawee; the drawee must pay at once or dishonor the draft. A sight draft, allows a delay in payment.

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Definitions:

Desensitization

A psychological process that reduces the emotional response to a stimulus after repeated exposure to it.

Behavioral Contracting

A therapy technique where an agreement is made between a client and a therapist, outlining behaviors to change and the consequences of actions.

Free Association

A therapeutic technique in psychoanalysis where the patient verbalizes thoughts as they occur, without censorship or filtering, to uncover unconscious processes.

Positive Regard

Warmth, affection, love, and respect that come from significant others in one’s life.