If You Default on an Unsecured Loan, the Lender Can

question 113

True/False

If you default on an unsecured loan, the lender can seize your car and sell it to repay the loan.

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Definitions:

Preoperational

A stage in Piaget's theory of cognitive development, typically from ages 2 to 7, characterized by symbolic thinking and a lack of logical operations.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention.

Respondent

A person who answers or responds to something, such as a questionnaire or survey.