A Digital Default Option Expires Unexercised in Situations Where the Loan

question 92

True/False

A digital default option expires unexercised in situations where the loan is paid in accordance with the loan agreement.

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Definitions:

Cognitive Distortion

In psychology, cognitive distortions are inaccurate or exaggerated thought patterns and beliefs that lead to negative thinking, emotions, and behaviors.

Dichotomous Thinking

A cognitive distortion involving viewing things in black and white categories, without recognizing any middle ground.

Rational Grounding

A cognitive behavioral technique that involves using reason and rational thinking to challenge and overcome irrational beliefs and fears.

Self-Talk

The internal dialogue that consists of the thoughts and beliefs an individual has about themselves and their experiences.