When Evaluating the Creditworthiness of an Individual, the Term Character

question 83

Multiple Choice

When evaluating the creditworthiness of an individual, the term character refers to the:

• A) Nature of the cash flows of the customer's business.
• B) Customer's financial resources.
• C) Types of assets the customer wants to pledge as collateral.
• D) Customer's willingness to pay his/her bills in a timely fashion.
• E) Nature of the customer's line of work.

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Definitions:

L Data

Life-record data in personality research, referring to verifiable, real-world outcomes and behaviors that are used to measure personality.

Autobiographical Memories

Personal recollections of specific events or experiences from an individual's own life.

S Data

Self-report data, where individuals provide information about themselves, often used in psychological research and assessments.

Direct Observation

A method of gathering data through firsthand witnessing of behavior, rather than relying on reports or inferences.