Examlex
Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The insurance company [will | will not] provide liability coverage if your dog bites the neighbor.
Interest Rate
The fee, shown as a percent of the original amount, that a borrower must pay to a lender to borrow money or other resources.
Sub-prime Housing Loan
A type of loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans, often due to a poor credit history.
Prime Rate
The Prime Rate is the interest rate that commercial banks charge their most credit-worthy customers, often used as a benchmark in setting rates for various types of loans.
Unqualified Customer
A customer who does not meet the necessary criteria or requirements set by a business or a regulatory body to purchase certain products or services.
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