-Label component "B" of the reflex arc.
Definitions:
Renegotiate
The process of revising the terms of an existing contract or agreement.
Default
The failure to meet the legal obligations or conditions of a loan, typically when a debtor cannot make a required payment.
Interest Rate
The percentage at which interest is charged or paid on a loan or investment over a specific period.
Loan Covenant Restrictions
Conditions imposed by lenders that restrict certain actions of the borrower, intended to protect the lender's interests.
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