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If Jodi and Jerry,parents of three teens,would like to decrease the likelihood of juvenile delinquency among their children,they should
Repayment Plan
A structured schedule agreed upon for paying back borrowed money.
Security Interest
An official right or charge on property pledged as security, often for the purpose of loan repayment assurance.
Retail Installment
A payment plan that allows consumers to pay for goods or services over time, typically with interest, in retail transactions.
Financing Statement
A document filed to give public notice of a secured party’s interest in the debtor’s personal property, usually in connection with a secured transaction.
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