When Evaluating Credit, a Customer Who Could Sell Assets to Pay

question 68

Multiple Choice

When evaluating credit, a customer who could sell assets to pay off a loan is said to have

• A) collateral.
• B) creditworthiness.
• C) character.
• D) capacity.

---

Definitions:

Market Segments

Sub-groups of a market made up of people or organizations with one or more characteristics that cause them to demand similar product and/or services based on qualities such as needs, wants, or interests.

Market Size

Market Size is the total volume or value of sales that a particular market reaches or is expected to reach within a specified period.

Cost-effectiveness

Evaluating the efficiency of an investment or expense based on the cost relative to the benefits or outcomes achieved.

Buyers

Individuals or entities that make a purchase decision, acquiring goods or services from a seller.