It Is Impossible for an Individual to Be Approved for a Finance

question 62

True/False

It is impossible for an individual to be approved for a finance company loan with a bankruptcy on their record.

---

Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities; essentially the net worth of a company.

Note Payable

A written promise to pay a specific amount of money, usually with interest, by a certain date.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.