What Does It Mean for a Loan to Be in Default

question 11

Multiple Choice

What does it mean for a loan to be in default?

• A) when the borrower of the a loan fails to repay on schedule according to a loan contract, without the agreement of the lender
• B) when the borrower of a loan fails to repay on schedule according to a loan contract, with the agreement of the lender
• C) when the lender of a loan fails to supply the full amount of a loan to the borrower
• D) when the lender of a loan supplies the full amount of a loan to a borrower without any promise of being repaid
• E) when the lender of a loan fails to offer the promised sum

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Definitions:

Density Independent

Referring to factors affecting the growth, size, or mortality of a population that do not depend on the density of the population.

Density Dependent

Factors whose effects on the size or growth of the population vary with the population density.

Earthquake

A natural geological event characterized by the sudden release of energy in the Earth's crust that creates seismic waves, often causing shaking and displacement of the ground.

Reproductive Base

Of a population, members of the reproductive and pre-reproductive age categories.