List and Explain the Four C's of Credit: Capacity, Character

question 30

Essay

List and explain the four C's of credit: capacity, character, collateral, and conditions.

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Definitions:

Managerial

Pertaining to the activities, responsibilities, and skills required for managing organizations or parts of organizations.

Communications

The process of transmitting, receiving, and understanding information or messages between entities.

Creative

Pertaining to the use of imagination or original ideas to create something; innovatively thinking.

Creative Subsystem

A component of a system or organization dedicated to generating new ideas, products, or processes through creativity and innovation.