Triggering Terms

Definition:   used in advertising, include the following – the amount or percentage of down payment, number of payments, period (term) of repayment, amount of any payment, and the amount of any finance charges

Pronunciation:   \ˈtri-g(ə-)riŋ\

Used in a Sentence:    The Truth in Lending Act requires creditors to disclose certain information if triggering terms are used in an advertisement.

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