In a State Transition Diagram,the States Appear as Rounded Rectangles

question 30

True/False

In a state transition diagram,the states appear as rounded rectangles with the state names inside.

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Definitions:

Chattel Security

A type of security interest granting a lender the right to repossess personal property used as collateral if the borrower defaults.

Consumer Goods

Products and services that are purchased for personal or household use.

Collateral

Goods or property used to secure a debt.

Right to Redeem

The legal right to reclaim property or an asset that has been sold, under certain conditions, within a specified period.