The difference between the value of the borrower's property and the amount owed is ____________while the value of the property is ________________given to the lender.
A) collateral, capital
B) capital, collateral
C) capacity, collateral
D) equity, capacity
Correct Answer:
Verified
Q9: Inherent in all loan process are the
Q10: The five C's of credit stands for
A)
Q11: In evaluating the applicant's ability to pay,
Q12: The best single predictor of the possibility
Q13: _is the ratio of total loan amount
Q15: A borrower obtained secured loan of $12,000
Q16: A special form of collateral used by
Q17: Credit reporting agencies play an important role
Q18: To reduce credit or default risk, a
Q19: The ability of lenders to accurately discern
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