Examlex
What makes a home equity loan different from other loans?
Default Risk
The possibility that a borrower will be unable to make the required payments on their debt obligations.
Days Payable Outstanding
A financial ratio that measures the average number of days a company takes to pay its suppliers; an indicator of how efficiently a company manages its payables.
Cash Receipts
The collection of money, including coins, currency, checks, and electronic transfers, received by a business or organization.
Default Risk
The possibility that a debtor will fail to fulfill their financial liabilities as agreed upon.
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