Despite a High Credit Score,your Income Level May Be the Determining

question 47

True/False

Despite a high credit score,your income level may be the determining factor in whether you can get a loan.

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Definitions:

Indicator Of Liquidity

Measures that indicate how easily a company can convert its assets into cash to cover short-term obligations.

Total Obligations

The sum of a borrower's current and long-term financial responsibilities.

Past Transactions

Completed financial activities or events that have occurred in the past and have been recorded in the accounting records.

Basic Earnings Per Share

A measure of a company's profitability on a per-share basis, calculated by dividing net income by the number of outstanding ordinary shares.