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According to Gardiner, the global environmental tragedy is most centrally a(n) __________ failure.
Collateral Position
The assets that a borrower offers to a lender as security for the repayment of a loan, potentially forfeited in case of default.
Disbursement of Funds
The act of paying out money from a fund or account to cover expenses or investments.
Collateral Position
Collateral is property or assets that a borrower offers to a lender as security for a loan, which can be taken by the lender if the borrower fails to repay.
Stretching Payables
Paying invoices after they’re due according to the terms of sale. Also called leaning on the trade.
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