Examlex
A __________ is a program in which good behavior is rewarded with vouchers that can be exchanged for privileges.
Borrower Judged Insolvent
A situation where a borrower is legally declared unable to meet their debt obligations.
Court
A governmental institution with the authority to adjudicate legal disputes, applying and interpreting law in civil, criminal, and administrative matters.
Credit Risk
The risk of loss arising from a borrower's inability to repay a loan or meet contractual obligations.
Payment Default
The failure to meet the legal obligations of a loan, such as not making the agreed-upon monthly payments.
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