The Credit Applicant's Character Includes All of the Following EXCEPT

question 338

Multiple Choice

The credit applicant's character includes all of the following EXCEPT

• A) moral commitment to pay.
• B) level of liquid assets.
• C) past payment history.
• D) pending legal judgments.

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Definitions:

Erosion

The process by which natural forces remove soil, rock, or material from one location on the Earth's crust and then transport it to another location.

Mayo Clinic

A nonprofit American academic medical center focused on integrated health care, education, and research.

Lifelong Strategy

An approach or plan designed to be maintained throughout an individual’s entire life, often regarding personal development, learning, or health.

Realistic Goals

Objectives or targets that are practical, achievable, and based on an accurate understanding of current resources and limitations.