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The associative network model asserts that a node in a memory network consists of an idea, a word, or a concept, while the model that argues that a node is physical in nature and does not contain individual units of information is the model.
Repayment Plan
A structured schedule agreed upon for paying back borrowed money.
Security Interest
An official right or charge on property pledged as security, often for the purpose of loan repayment assurance.
Retail Installment
A payment plan that allows consumers to pay for goods or services over time, typically with interest, in retail transactions.
Financing Statement
A document filed to give public notice of a secured party’s interest in the debtor’s personal property, usually in connection with a secured transaction.
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