What does it mean for a loan to be in default?
A) when the borrower of the a loan fails to repay on schedule according to a loan contract,without the agreement of the lender
B) when the borrower of a loan fails to repay on schedule according to a loan contract,with the agreement of the lender
C) when the lender of a loan fails to supplies the full amount of a loan to the borrower
D) when the lender of a loan supplies the full amount of a loan to a borrower without any promise of being repaid
E) when the lender of a loan fails to offer the promised sum
Correct Answer:
Verified
Q26: Describe some of the features hindering developing
Q42: In the instances where a loan has
Q45: As of 2013, how large is the
Q47: In developing economies, national saving is often
Q49: Explain the extensive economic role of government
Q51: The $50 billion emergency loan orchestrated by
Q55: A considerable advantage that richer countries have
Q57: The Convertibility Law of April 1991 in
Q73: Should the IMF be abolished?
Discuss.
Q75: Write an essay on the importance of
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