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Explain the distinctions that Gerson found between reluctant traditionals, singles, reversers, and egalitarians. In which group did most couples desire to be? Which group was the largest in Gerson's study?
Dishonoring
Dishonoring occurs when a promised payment, such as a check or electronic payment, is not completed due to insufficient funds or rejection by the bank.
Note Receivable
A written promise for a specified amount of money to be paid by a debtor at a certain future date.
Principal
The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or profits.
Interest
A payment made for the use of borrowed money, usually calculated as a percentage of the principal amount.
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