It Is Illegal to Use a Credit Score to Determine

question 65

True/False

It is illegal to use a credit score to determine the premium to charge an individual.

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Definitions:

Seasoned Equity

Refers to additional equity issued by a company that has already had securities publicly traded.

Rights Offering

A financial offering in which a company grants existing shareholders the right to buy additional shares at a discount to the market price before the new shares are offered to the public.

Term Loans

Term loans are monetary loans that are repaid in regular payments over a set period of time, typically used for financing specific assets or projects.

Direct Business Loans

These are loans offered directly from a lender to a business without the use of intermediaries. This can provide more straightforward access to capital for businesses.