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John has committed a nonviolent crime and has been judged NGRI. According to statistical data, it is likely that he will be spending
Credit Policy
The guidelines a company follows to determine the amount and terms of credit to extend to customers.
5 C's of Credit
Refers to the five key elements a lender considers when assessing the creditworthiness of a potential borrower: character, capacity, capital, collateral, and conditions.
Conditions
Specific terms or requirements outlined in an agreement or contract, which must be met for the agreement to be fully enforceable.
Economic Conditions
The state of the economy at a certain time, including factors like inflation, employment rates, and GDP growth.
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