A Floating Inventory Lien Is a Lender's Claim on the Borrower's

question 84

True/False

A floating inventory lien is a lender's claim on the borrower's general inventory as collateral for a secured loan.

---

Definitions:

Private Speech

Verbal communication directed at oneself, often seen in developmental contexts as a way for children to guide and regulate their behavior.

Guided Participation

A process where a more knowledgeable individual helps to structure activities in ways that allow less knowledgeable participants to engage in them more effectively.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one's own.

Apprenticeship

A system for training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading).