Boot Camps Are a Form of

question 65

Multiple Choice

Boot camps are a form of

• A)pretrial diversion.
• B)shock incarceration.
• C)intensive probation supervision.
• D)split sentence.

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Definitions:

Amortization

The process of spreading the cost of an intangible asset over its useful life or paying off a loan in regular installments over a period.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Mortgage Note Payable

A long-term liability document that spells out the terms under which a borrower agrees to repay a sum of money to a lender, typically secured by real estate.

Loan Principal

The amount of money that is borrowed and must be repaid, excluding any interest or additional fees.