Which of the following refers to a period when a borrower is unable to meet a payment obligation to lenders and other creditors?

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Financial distress refers to a period of financial difficulty experienced by a borrower when they are unable to meet their payment obligations to lenders and other creditors. This can lead to a range of outcomes, including bankruptcy and liquidation. The other options (window, foreclosure, recession, assignment) do not specifically refer to a borrower's inability to meet payment obligations.

Which of the Following Refers to a Period When a Borrower