Which of the following terms refer to a person or a firm making a loan? More than one answer may be correct. Multiple select question. Creditor Lender Borrower Debtor
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Which of the following terms refer to a person or a firm making a loan? More than one answer may be correct.
Creditor
Lender
Borrower
Debtor
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- . Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable? A. Secured short-term loan B. Unsecured short-term loan C. Secured long-term loan D. Unsecured long-term loan E. Trust receipt loanWhich of the following is true of a credit applicant's character? a. It reflects any unique conditions surrounding a credit applicant's transaction. b. It reflects the level of liquid assets available with a credit applicant. c. reflects a credit applicant's past payment history. d. It reflects a credit applicant's ability to repay his debt obligation.What items are listed on a loan document
- Which are the fundamental relationships to know in any loan refinancing decision include at least three ingredients?What are some examples of loan documents?The principal amount of a loan is the Blank______. Multiple choice question. amount that has been repaid original loan amount total interest owed total number of payments made
- The receivable that is usually evidenced by a formal instrument of credit is a(n) Select one: a. trade receivable. b. accounts receivable. C. note receivable. d. income tax receivable.Which of the following correctly describes the exchange between lender and borrower in a typical lending transaction? O The borrower signs the Note in return to receive Mortgage from the lender O The borrower signs the Mortgage in return to receive Deed of Trust from the lender O The borrower signs both Mortgage and Deed of Trust to receive money from the lender The borrower signs both Note and Mortgage to receive money from the lender