Trigger words can be positive or negative, designed to tap into readers' or listeners' emotions and encourage them to act. For example, some trigger words commonly used in marketing include “limited-time offer,” “exclusive,” “free,” etc.
The following are trigger terms: the amount or percentage of any down payment, the payment period, the monthly payment, and the amount of the finance charge.
Internal triggers: Strong feelings that arise based on past experiences. Example: Making a doctor's appointment after a negative medical experience can trigger fear. Trauma triggers: Strong feelings that arise based on past trauma. Example: The sound of firecrackers can be trauma triggers for veterans of war.
Finance charge amount: Mentioning the finance charge amount includes stating the dollar amount of the finance charge or any portion of it. However, disclosing the APR or stating there is no particular charge for credit (such as no closing costs) is not a triggering term.
Examples of Triggering Terms
The amount of any payment expressed as a percentage or a dollar amount (example: "$15 per month" or "monthly payments of under $100")
The trigger is mostly used for maintaining the integrity of the information on the database. For example, when a new record (representing a new worker) is added to the employees table, new records should also be created in the tables of the taxes, vacations and salaries.
Trigger Point Example
You've paid down $50,000 of your principal balance. Now let's say that prime rates increase by 4%, something that occurred in 2022, which means your variable mortgage rate might now be 7%. You've hit your trigger rate, and your lender allows for negative amortization.
The trigger terms are those required to be disclosed under section 1026.6(b)(3) and include the APR, transaction fees, annual fee and certain other charges. This applies to trigger terms stated in the positive ($50 annual fee) and in the negative (no annual fee).
In mortgage advertising, triggering terms influence consumer decisions by indicating specific financing details. The term 'Assumable Mortgage' does not provide specific conditions like the others do. Hence, it is not considered a triggering term compared to the others in the list.
Certain words and phrases elicit intense positive or negative emotions. These are called “trigger” words, and they influence how we view the world. The ethical question is who or what put them in our psyches.
Examples of trigger in a Sentence
Verb Smoke triggered the fire alarm. The timer was set to trigger the bomb in exactly one hour. His remarks triggered a public outcry. Certain foods trigger his headaches.
Examples of common triggers include: Anniversary dates of losses or trauma. Frightening news events. Too much to do, feeling overwhelmed. Family friction.
The Truth Trigger
Some examples that indicate you are dealing with this type of feedback include responses such as: "You're wrong." "That's wrong." "That's not true."
For example, say a customer buys a product through your app. A triggered message could be sent the following day via push notifications to alert the customer of other products that relate to their original purchase. The push notification, when clicked, would take them right to the product page within your app.
Someone's triggers are things that can cause them to have an extreme reaction of fear, upset, or anger, especially because they remember a traumatic experience. You need to understand what your triggers are, for example loud noises.
Prior to introducing a potentially disturbing topic in class, an instructor might articulate a verbal trigger warning such as the following: Next class our discussion will probably touch on the sexual assault that is depicted in the second last chapter of The White Hotel.
It is the presence of a specific word or phrase that would “trigger” the advertisement to include additional disclosures to the consumer.
You could see a rise in your mortgage payment for a few reasons. These include an increase in your property tax, homeowners insurance premium, or both. Your mortgage payment will also go up if you have an adjustable-rate mortgage and your initial rate has come to an end.
In California, absent an exception which we discuss in depth below, the maximum allowable interest rate for consumer loans is 10% per year. For non-consumer loans, the interest rate can bear the maximum of whichever is greater between either: i) 10% per annum; or ii) the “federal discount rate” plus 5%.