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What term describes the ability to repay debt?
Creditworthiness
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.
What term describes the ability to repay debt?
Creditworthiness
Which term describes the amount of money the nation owes?
Debt
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 term best describes the loss of mental ability to understand sensory stimuli?
Cognitive impairment is the term that best describes the loss of mental ability to understand sensory stimuli.
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.
Term that describes the describes the ability of many metals to be pounded into thin sheets?
That property of the substance is its "malleability".
What term describes the ability of a solid to return to its original shape?
That ability is known as elasticity.
Which term describes the ability to use both hands well?
ambidextrous
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 of many metals to be pounded into thin sheets?
malleability
What term describes the ability of a material to oppose the flow of electric current?
The term that describes the ability of a material to oppose the flow of electric current is resistance. It is measured in ohms and is influenced by the material's properties like conductivity and temperature.
