Unsecured Term Loans Typically Involve Very Specific Terms Which May

question 132

True/False

Unsecured term loans typically involve very specific terms which may limit the owner's freedom to make financial decisions.

---

Definitions:

Extraversion

A personality trait that describes individuals who are outgoing, energized by being around other people, and tend to seek stimulation in the external world.

Sociable

Characteristic of being inclined to seek social interactions and enjoy spending time with others.

Positive Outlook

A mental attitude characterized by optimism and hope, focusing on favorable aspects of any situation.

Impulsive

Acting on or inclined to act on one's impulses rather than careful thought, often with disregard to the consequences.