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Lower Performance Ratings Usually Reduce Continuance Commitment

question 90

True/False

Lower performance ratings usually reduce continuance commitment


Definitions:

Repaid

The action of paying back borrowed money to a lender, either in installments or as a lump sum.

Loans

Sums of money borrowed that are expected to be paid back with interest, often under agreed-upon terms between lenders and borrowers.

Simple Interest

Interest earned or paid on the original principal only of a deposit or loan, without compounding.

Loan Repaid

The act of paying back borrowed money to the lender.

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