The Further Removed from the Present the Future Value Is

question 57

Short Answer

The further removed from the present the future value is, the smaller the ____________.

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Definitions:

Adequate Consideration

Consideration in a contract that is fairly equitable and of sufficient value, considering the facts of the case and the circumstances surrounding the agreement.

Forbearance

The temporary postponement of mortgage payments or enforcement of a policy, often to prevent foreclosure.

Good Faith Belief

An underlying assumption or conviction by an individual that their actions or decisions are justified, fair, and honest, based on the information available to them.

Moral Obligation

A sense of duty or ethical responsibility not enforceable by law but considered binding in personal or social contexts.