A Third Party Who Agrees to Be Primarily Responsible for the Debt

question 68

True/False

A third party who agrees to be primarily responsible for the debt of another is a guarantor.

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Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant rate and independently of the time since the last event.

Discrete Random Variable

A type of random variable that can take on a countable number of distinct values.

Discrete Random Variable

A random variable that can take on a countable number of distinct values.

Variance

A measure of the dispersion or spread of a set of data points, indicating how much the data deviate from their mean.