The Continuities of Development Are Aspects That

question 153

Multiple Choice

The continuities of development are aspects that

• A)show abrupt, sudden change with age.
• B)depend on the organism's intention.
• C)regress with age to simpler forms or types.
• D)remain stable over time or reflect the past.

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Definitions:

Probability of Default

The probability that a borrower will fail to fulfill their debt responsibilities.

Credit Policy

The guidelines a company follows to determine the amount and terms of credit to extend to customers.

5 C's of Credit

Refers to the five key elements a lender considers when assessing the creditworthiness of a potential borrower: character, capacity, capital, collateral, and conditions.

Conditions

Specific terms or requirements outlined in an agreement or contract, which must be met for the agreement to be fully enforceable.