(Last Word) Loans Offered Through Microcredit Programs

question 251

Multiple Choice

(Last Word) Loans offered through microcredit programs

• A) are usually spent on food.
• B) suffer from low repayment rates.
• C) have very high repayment rates.
• D) have lifted borrowers out of poverty at a faster pace than nonrecipients of loans.

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Definitions:

Shoplifting

Shoplifting involves the unauthorized removal of goods from a store without payment.

Compensatory Damages

A money award equivalent to the actual value of injuries or damages sustained by the aggrieved party.

Tort Suit

A legal action brought by one party against another for a civil wrong that causes harm or loss, resulting in legal liability.

General Damages

In a tort case, an amount awarded to compensate individuals for the nonmonetary aspects of the harm suffered, such as pain and suffering; not available to companies.