Which of the following is the correct term to
describe sales vs. expenses for a specific
project over a defined time period?
A, budget
B, schedule
C. standards

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink its opportunity cost but not sure hope it .

People tend to say that they would prefer to have $1000 today rather than $1200 two weeks from now—even though, logically, they would be better off with the $1200 in two weeks. the phenomena underlying this tendency is known as "temporal discounting".