Answer:
When financing a vehicle, the lienholder is the bank or company that loaned you money in order to purchase the car. The lender holds a lien against the car, giving them the legal right to take possession of the car if you fail to settle your debt. That institution's name will appear on the title of your vehicle and your car insurance policy for the duration of the loan. Buying or selling a car with a lien is perfectly legal, but the process takes more work, and it poses some inherent risks to the buyer.
Explanation:
A lien is the legal right to take possession of a piece of property if the debt underlying that property is not settled. A lienholder (also known as a lienor) is a person, company, or financial institution that co-buys that property or sells it to you on credit. For example, if your local bank writes you an auto loan to finance your car, they are the lienholder. You are the practical owner of the car. You have exclusive rights to use and even sell the vehicle, assuming you can pay off the loan.
But as long as the lienholder has a financial stake in your vehicle, they're the legal owner, and their name will appear on important documents. This is a different situation than leasing a car in that, when you lease a car, the lessor is the full owner of the vehicle, and you are merely renting it from them. You cannot legally sell a car you're only leasing.
The probability that you win something will be 1.
What is an probability in statistics?
The probability serves as a gauge for how likely an event is to occur. It gauges how likely an event is. P(E) = Number of Favorable Outcomes/Number of Total Outcomes is the formula for probability.
Can the probability of an event be 1?
If the chance is 1, the event will occur. There would be nothing you could do to prevent a road traffic collision if the likelihood of one was 1. It will occur. In reality, probability connected to commonplace events ranges between 0 and 1.
Can a probability be negative?
Although a quasiprobability distribution permits a negative probability or quasiprobability for some events, the probability of the result of an experiment can never be negative. These distributions may be applicable to conditional probability or unobservable events.
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<span>The World Intellectual Property Organization requires that e-businesses comply with the laws of the country they are based out of.
The World Intellectual Property Organization handles patents, designs, copyrights and trademarks for companies. They store information have provide resources and services to businesses. The World Intellectual Property Organization is also known as WIPO and was started to create and encourage intellectual property throughout the world.
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After an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.
<h3>How to determine the
segmentation of variables</h3>
Segmentation of variables is defined as the characteristics of people that are used to determine their similarity.
Some of the important steps needed for the target market are:
- Step 1: Identification of the appropriate targeting strategy.
- Step 2: Determination of the segmentation Variables to Use.
- Step 3: Development of market Segment Profiles.
- Step 4: Evaluation of the relevant Market Segments.
- Step 5: Selection of the specific Target Markets.
Based on the listed test, we can conclude that after an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.
Learn more on market Segment Profiles here: brainly.com/question/2889076