Examlex
If Connie buys real estate subject to an existing mortgage, she will have to pay the mortgage if the mortgagor does not.
Lose the Job
Losing the job refers to the involuntary termination of an individual's employment, commonly due to layoffs, company downsizing, or dismissal.
Buy Time
A strategy aimed at delaying something in hopes of finding a better solution or to wait for a more opportune moment.
Win-Win Solutions
Situations or agreements that provide benefits to all involved parties.
Sunk Cost Fallacy
The sunk cost fallacy is an economic concept that refers to the misconception leading people to continue investing in something solely because they have already invested resources in it, not considering the future benefits independently of past costs.
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