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 when a borrower is unable to meet a payment obligation to lenders and other creditors. Window refers to a time period for the exercise of an option or the completion of a transaction. Foreclosure refers to the legal process of taking possession of a mortgaged property. Recession refers to a period of declining economic activity characterized by a decrease in GDP and employment.

Which of the Following Refers to a Period When a Borrower