When an Individual Gives Something to Someone Else but Expects

question 43

Multiple Choice

When an individual gives something to someone else but expects nothing in return, this is an example of

• A)balanced reciprocity.
• B)positive reciprocity.
• C)negative reciprocity.
• D)specialized reciprocity.
• E)generalized reciprocity.

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Definitions:

Future Advancement

A provision in a financial agreement allowing for additional funds or resources to be provided in the future under certain conditions or upon reaching certain milestones.

Security Agreements

Legal contracts that create a lien on assets, providing a lender with a security interest in the assets of the borrower.

Collateral

Assets pledged as security for repayment of a loan, subject to seizure on default.

Repossess Collateral

The act of taking back goods or property by a creditor or seller from the borrower or buyer due to defaults on payment terms.