Define the Terms "Obsession" and "Compulsion

question 88

Essay

Define the terms "obsession" and "compulsion." Describe the four types of obsessions and provide examples of each, and of associated compulsions.Explain how they are related to each other (i.e., why and how compulsions often develop after obsessional thinking develops).

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Definitions:

Net Proceeds

The amount of money received from a sale after subtracting all related expenses and costs.

Fair Value

Amount for which a security could be sold in a normal market.

Trading Securities

Securities bought and held primarily for sale in the near term to generate income on short-term price differences.

Unrealized Gain

The increase in value of an asset that has not been sold yet, therefore the gain is not reflected in the income statement.