Collateral

question 14

Multiple Choice

Collateral

• A)gives the lender additional recourse if the payments are not made.
• B)is used on unsecured loans.
• C)increases the interest rate on loans.
• D)is required on all loans except revolving credit.

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Definitions:

Psychological Disorders

Conditions that affect an individual's thinking, feeling, mood, or behavior, which may be persistent, relapsing, and remitting, or occur as a single episode.

Medication

Substances used to diagnose, treat, or prevent disease and alleviate symptoms, typically used in medical treatment.

Transactional Analysis

A psychotherapeutic theory and method exploring the interactions (transactions) between individuals based on the ego states of Parent, Adult, and Child.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.