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Financial trust extended to a person by a lender is called credit. It represents the lender's belief in the borrower's ability to repay borrowed funds based on their financial history and stability. Credit can take various forms, including loans, credit cards, and lines of credit, and is often assessed through a credit score.
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A loan extended to a person by a lender is called?
A loan extended to a person is called credit.
What do you call a person who loans money?
A person who loans money is commonly referred to as a "lender." This term can apply to individuals, banks, or financial institutions that provide loans to borrowers with the expectation of repayment, often with interest. In a more specific context, a private individual who lends money might be called a "private lender" or "loan shark" if they charge excessively high interest rates.
What is a person who lends money or the use of goods and services for payment at a later date?
A person who lends money is called a money lender or a Creditor. A person who lends the use of goods and services is called a Renter or a Seller.
What do you call a person you owe money to?
A person you owe money to is commonly referred to as a "creditor." This can include individuals, businesses, or financial institutions that have lent you money or provided goods or services on credit. In some contexts, the term "lender" may also be used, particularly when referring to financial institutions.
When a bank or financial institution lends an person money what is it called?
a loan
A loan extended to a person by a lender is called?
A loan extended to a person is called credit.
What is meant by a financial hardship in a loan agreement?
Financial hardship in a loan agreement refers to the fact that the person is struggling to repay their loan. They may be struggling to repay to the lender's agreement.
I have a lien on my condo but want to remortgage?
Your mortgage lender is the person who can tell you how to proceed. Generally, a lender will require that you pay the debt and remove the lien before a new financial agreement can be made based on the property.
What do you call a person who loans money?
A person who loans money is commonly referred to as a "lender." This term can apply to individuals, banks, or financial institutions that provide loans to borrowers with the expectation of repayment, often with interest. In a more specific context, a private individual who lends money might be called a "private lender" or "loan shark" if they charge excessively high interest rates.
What do you call a person who takes financial risks to start a company?
A person who takes financial risks to start a company is called an entrepreneur
A person who prepares and interprets financial reports is called?
An Accountant
What is a person who lends money or the use of goods and services for payment at a later date?
A person who lends money is called a money lender or a Creditor. A person who lends the use of goods and services is called a Renter or a Seller.
What do you call a person you owe money to?
A person you owe money to is commonly referred to as a "creditor." This can include individuals, businesses, or financial institutions that have lent you money or provided goods or services on credit. In some contexts, the term "lender" may also be used, particularly when referring to financial institutions.
When a bank or financial institution lends an person money what is it called?
a loan
What is a person skilled in money matters called?
A person skilled in money matters is called a financial expert or a financial professional. They may also be referred to as a financial advisor, financial planner, or investment advisor, depending on their specific area of expertise and the services they provide. These individuals have a deep understanding of financial markets, investment strategies, risk management, and financial planning principles.
What is it called when you give money away?
its called being nice a gracious person a very generous person... Or also a benefactor, financial supporter or donor
What are the requirements for a three person mortgage?
The requirements for a three person mortgage typically include all applicants meeting the lender's credit score and income criteria, providing necessary financial documents, and agreeing to be jointly responsible for the loan repayment.
