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Explain a creditor's three potential courses of action upon default.
Television Set
An electronic device used for receiving television broadcasts and displaying them in visual format.
Markdown
A reduction from the original or list price of a product, often used as a sales strategy to encourage purchases.
Selling Price
The amount of money for which a product or service is sold to the customer.
Rate
A specified measure or quantity of one thing considered in relation to a unit of another thing; often used in the context of interest rates or growth rates.
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