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Credit Histories
Records that document an individual's or company's past borrowing and repayments, used by lenders to evaluate creditworthiness.
High-Risk Borrowers
High-risk borrowers are individuals or entities considered to carry a greater likelihood of defaulting on loan repayments due to their poor credit history or unstable financial condition.
Interest Rates
The percentage of a sum of money charged for its use, influencing borrowing costs and the return on savings.
Imperfect Competition
A market structure where the conditions necessary for perfect competition are not met, characterized by numerous producers and free entry and exit but with different products.
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