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Ned keeps saying to his coach,"I am really concerned that I won't be able to remember the plays when you put me in.Maybe you should play someone else." Ned seems to be demonstrating
Creditor
An individual or institution to whom money is owed.
Technical Default
A failure to meet some specific terms of a loan agreement, lease, or another contract, other than the failure to make payments as and when they fall due.
Interest Payments
Payments made by a borrower to a lender, consisting of the cost of borrowing money over a period of time.
Principal Payments
Payments made towards the original amount borrowed in a loan, excluding interest payments, thereby reducing the outstanding principal balance.
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