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What Can Be Promised by Loan Covenants? What Cannot Be

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What can be promised by loan covenants? What cannot be ensured by loan covenants?


Definitions:

Decentering

The cognitive ability to consider multiple aspects of a situation rather than focusing on a single perspective.

Conservation

The act of preserving, protecting, or restoring natural environments and their wildlife.

Egocentrism

A cognitive trait where individuals, particularly children in Piaget's preoperational stage, are unable to see perspectives other than their own.

Centration

A cognitive limitation in early childhood, where a child focuses only on one aspect of a situation or problem, neglecting other important factors.

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