Examlex
The prefix for bad,difficult,or painful is:
Default
The failure to meet the legal obligations or conditions of a loan, such as not making payments on time.
Credit Policy
Refers to a set of guidelines that a company uses to determine how much credit to extend to customers.
Credit Analysis
The process of evaluating an applicant's loan request or a corporation's debt issue in order to determine the likelihood of the borrower defaulting on their financial obligations.
Collection Policy
A collection policy outlines the procedures and guidelines a company follows to manage and recover overdue accounts receivable from customers.
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