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Standard Scores Are Also Useful for Determining How a Person

question 23

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Standard scores are also useful for determining how a person performed, in a relative sense, on two or more tests.This is helpful for comparing relative standing across several tests.


Definitions:

Repossession

The process by which a creditor takes back property from the borrower, due to failure to make required payments.

Security Interest

A legal claim or right granted in an asset as collateral to ensure the fulfilment of an obligation, typically repayment of a loan.

Legal Remedy

The means through which a court of law enforces a right, imposes a penalty, or makes another court order to impose its will.

Purchase-Money Security Interest

A legal claim that allows a creditor priority in reclamation over the bought property if the debtor defaults on a loan used to purchase the property.

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