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Creditworthiness
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∙ 9y ago
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Which term describes the ability to repay debt?
its called creditworthiness, basically the bank has your trust.
Term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan?
Lien is the term
What does the term bad debt mortgage mean?
The term 'bad debt mortgage' implies that the borrower has applied for a mortgage and been accepted. However, the borrower has then defaulted on his mortgage payments and it is considered that they are unlikely to be able to repay the loan.
What does the term notice of default mean?
A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.
What are the advantages of applying for a short term loan?
A short term loan offers the advantage of being able to repay in a set time-frame, perhaps as a way to build up or repair your credit. Repaying a short term loan will establish your ability to repay and build self-discipline too.
Which term describes the ability to repay debt?
its called creditworthiness, basically the bank has your trust.
Term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan?
Lien is the term
What is a term that describes the ability to do work?
Energy
Which term describes the amount of money the nation owes?
Debt
What does the term bad debt mortgage mean?
The term 'bad debt mortgage' implies that the borrower has applied for a mortgage and been accepted. However, the borrower has then defaulted on his mortgage payments and it is considered that they are unlikely to be able to repay the loan.
What term describes the ability of a solid to return to its original shape?
That ability is known as elasticity.
What does the term notice of default mean?
A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.
Which term describes the ability to use both hands well?
ambidextrous
Which term describes a microscope's ability to produce a clear image?
resolution
Which term describes the ability a soil has to support plant growth?
Fertility:)
Which term describes the ability of a solid to return to its original shape?
Elasticity describes the ability of a solid to return to its original shape after being deformed or stretched.
What term describes the ability to understand what someone else is feeling?
Empathy is the term that describes the ability to understand and share the feelings of another person. It involves being able to put oneself in someone else's shoes and see things from their perspective.
