The Method of Paying Off a Loan Through Which a Portion

question 18

Multiple Choice

The method of paying off a loan through which a portion of each payment goes to the principal and a portion to interest with the interest portion declining and the principal portion increasing each month as the debt is paid down is called

• A)acceleration.
• B)garnishment.
• C)amortization.
• D)leasing.

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Definitions:

Agency

The capacity of individuals to act independently and make their own free choices, countered by structures in society.

Semiotics of Materiality

The study of how material objects and their use communicate meanings and participate in symbolic systems within a culture.

Essentialist Sense

The belief that categories, especially concerning identity, have an intrinsic essence or set of characteristics inherent to them.

Actor-Network Theory

A theoretical and methodological approach in social science that views all entities in a network, whether human or nonhuman, as equally important in shaping social outcomes.