A valuable asset pledged to obtain a loan and subject to seizure upon default to satisfy the debt is called:
A) capacity.
B) character.
C) capital.
D) collateral.
E) conditions.
Correct Answer:
Verified
Q81: An unauthorized person who obtains a credit
Q82: A term that refers to the borrower's
Q85: The credit bureau cannot charge you a
Q87: If you are a woman,a creditor must:
A)require
Q87: The debt payments-to-income ratio is:
A)calculated by dividing
Q88: A loan officer is examining your income
Q91: Dave's net take-home pay per month is
Q92: In evaluating your credit application,a lender may:
A)
Q98: The borrower's financial ability to meet credit
Q100: If you are denied credit,your first step
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents