An Irrational Fear of an Object or Event Is Called

question 2

Multiple Choice

An irrational fear of an object or event is called a/an:

• A)phobia.
• B)compulsion.
• C)panic.
• D)obsession.

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Definitions:

Security Interest

A financial interest in a piece of property, granted to a creditor, ensuring claim to the property should the debtor default on their obligation.

Automatic Perfection

A legal condition in which a security interest in a collateral automatically becomes effective without the need for any further action, under certain conditions, once it attaches.

Principal Debtor

The main individual or entity obligated to repay a debt on which a security may be claimed.

Surety

A person or entity that takes responsibility for another's performance of an obligation, such as the payment of a debt.