The Person Who Fails to Make Payments as Scheduled Is

question 1

True/False

The person who fails to make payments as scheduled is said to have defaulted on a loan.

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Definitions:

Operating Systems

A software that manages computer hardware and software resources, and provides common services for computer programs.

Efficiency Gains

Improvements in the production process that allow for a greater output of goods or services without an increase in input.

Deregulation

The process of removing government restrictions and regulations in industry to allow for more competition and efficiency in the market.

Communications Industry

A sector that encompasses companies and technologies involved in the transmission of information, including media, internet, telecommunications, and broadcasting.