What Is the Result of a Borrower Who Fails to Make

question 67

Multiple Choice

What is the result of a borrower who fails to make payments to the lender when due?

• A) Bankruptcy
• B) Default
• C) Risk ratings
• D) Bondholder's claim
• E) Bond indenture

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Definitions:

Roll a Die

Rolling a die is a random act that produces an outcome between 1 and 6, each with an equal probability.

Win the Game

Achieving a higher score or meeting the criteria for victory in a competitive activity.

Independent

Free from outside control or influence, able to function or operate on its own.

Bull's-Eye

The center of a target, often denoting a point of perfect accuracy or the achievement of a goal with precision.