Examlex
The medieval practice of pillorying proscribed no other punishment for criminals but to stay exposed to public gaze in a village square for several days. Which of the following would Durkheim name as function of this practice?
Collateral
An asset pledged as security for repayment of a loan, to be forfeited in case of default.
Probability of Payment
The likelihood or chance that a borrower will meet their debt obligations on time.
Cash Discount Period
The time frame within which a purchaser can pay less than the full invoice amount due to taking advantage of a cash discount offered by the seller.
Credit Period
The duration of time a buyer is allowed to pay for goods or services after the delivery date.
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