Needs That Reflect the Desire for Feelings of Assurance and Risk

question 85

Multiple Choice

Needs that reflect the desire for feelings of assurance and risk reduction are called?

• A) Situational needs
• B) Functional needs
• C) Social needs
• D) Psychological needs
• E) Knowledge needs

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Definitions:

Insure Premises

The process of obtaining insurance coverage for physical property against loss or damage.

Collateral Mortgage

A type of mortgage where the borrower offers property as security for the loan, beyond the purchased property itself.

Foreclosure Proceedings

The legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, usually leading to the seizure and sale of the borrower's property.

Registered Discharge

The process of officially recording the removal of a legal claim or lien against an asset, typically property.