A Loan Arrangement in Which There Is No Set Number

question 27

True/False

A loan arrangement in which there is no set number of payments. As the balance of the loan is reduced, the borrower can renew the amount of the loan up to a pre-approved credit limit is called a mortgage.​

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Definitions:

Lack Of Opportunity

Refers to situations where individuals or groups have limited access to resources, education, employment, and social mobility due to various socioeconomic, political, and environmental barriers.

Aspirations

Hopes or ambitions of achieving something.

Merton

Robert K. Merton, an influential sociologist known for developing theories such as the strain theory which explains social structures and their effects on individuals.

Sutherland's Theory

A criminology theory, also known as Differential Association Theory, which posits that criminal behavior is learned through social interactions with others.