The Price That a Secured Party Obtains on a Sale

question 28

True/False

The price that a secured party obtains on a sale of collateral is not all that the creditor can recover on the debt if there is a deficiency.

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Definitions:

Confidence Interval

A series of values, yielded by sample statistical study, thought to encompass the value of an unrevealed population parameter.

Confidence Intervals

A sequence of values, garnered from samples, anticipated to cover the value of a yet-to-be-discovered population parameter.

Sampling Distribution

The probability distribution of a given statistic based on a random sample.

Central Limit Theorem

A statistical theory that states that the sampling distribution of the sample mean will approach a normal distribution as the sample size becomes larger, regardless of the shape of the population distribution.