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The junior class at a local high school was stunned when an alcohol-impaired driver missed a turn and caused a fatal accident involving a classmate.The school crisis team noted that many classmates responded in ways that seemed to indicate that they were invulnerable to this kind of tragedy because "They were careful drivers who always wore seatbelts." The crisis team concluded that these students were using the defense mechanism called
Conditional Sale Contract
A contract for the sale of goods where the payment of the price, or part of it, is deferred and the full ownership of the goods does not transfer until certain conditions, typically the full payment, are met.
Rate of Return
The gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.
Compounded Semi-annually
A method of calculating interest where the interest is added to the principal twice a year, resulting in interest being earned on interest.
Compounded Semi-annually
Denotes the method of applying interest to a principal sum at mid-year and end of the year.
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