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Social psychologists have found that, when given a test of subtle or unconscious racial stereotyping such as the Implicit Association Test (IAT), most whites quickly associate black faces (photos) with negative words and traits (for instance, with evil character traits or failure).
Bad Receivables
Amounts owed to a company that are unlikely to be paid by the debtor, often due to financial difficulty.
Troubled Debt Restructuring
A process where terms of an existing debt are modified due to the debtor's inability to pay, often resulting in reduced interest rates or extended payment terms.
Creditor Grants Concession
A situation where a creditor agrees to reduce or restructure a debtor's obligation under financial distress conditions, making it easier for the debtor to manage their debt.
Securitization Entity's Credit Rating
A measure of creditworthiness assigned to entities that bundle and sell receivables or other financial assets in the form of securities.
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