Briefly Explain the Purpose of a Lender Requiring a Pledge

question 17

Essay

Briefly explain the purpose of a lender requiring a pledge of collateral from a borrower in exchange for a loan.

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Definitions:

MBSR

Mindfulness-Based Stress Reduction, a program that uses mindfulness meditation to help people manage stress, anxiety, depression, and pain.

MBCT

Mindfulness-Based Cognitive Therapy, a psychological therapy designed to aid in preventing the relapse of depression.

Meta-Analysis

A statistical procedure for combining data from multiple studies to derive a pooled estimate of the effect size of a treatment or intervention.

Anxiety

A state of fear or distress about something that might happen or about a future event with unpredictable results.