Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan?

Mathematics

1 answer:

Ivanshal [37]2 years ago

8 0

Answer:

Lien.

Step-by-step explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

Lien is a term which describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan. In order to be able to determine whether a borrower would default on the repayment of a loan, lenders usually check the credit score of the borrower.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

You might be interested in

Is (-6,7) a solution to this system of inequalities? <br> Y> -x + 1<br> Y > 1/3x -9

Firlakuza [10]

I got 6 and -7 when I did this problem, maybe you made a mistake or maybe I did. But you are on the right track

4 0

2 years ago

Read 2 more answers

Find domain and range -√x-5+10

inysia [295]

When finding the domain of a square root, you have to know that it is impossible to get the square root of 0 or any negative number. since domain is possible x values this means that x cannot be 0 or any number less than 0. However, you can find the square root of the smallest most infinitely small number greater than 0. since an infinitely small number close to zero can not be written out, we must must say that the domain starts at 0 exclusive. exclusive is represented by an open or close parenthesis so in this case the domain starts with:
(0,
we can get the square root of any number larger than 0 up to infinity but infinity can never be reached so it is also exclusive. So so the ending of our domain would be:
,infinity)
So the answer if the square root is only over the x the answer is
(0, infinity)

But if the square root is over the x- 5 then this would brIng a smaller amount of possible x values. since anything under the square root sign has to be greater than 0, you can say that:
(x - 5) > 0
x > 5
Therefore the domain would start at 5 and the answer would be:
(5, infinity)

8 0

3 years ago

9 less than k is 1. Solve the equation

Zinaida [17]

Answer:

the answer is 8

Step-by-step explanation:

9 - 8 = 1

Hope this helps
Brainliest plz

4 0

3 years ago

Read 2 more answers

How do I simplify the expressions with positive exponents?

Veronika [31]

To simplify with exponents, don't feel like you have to work only with, or straight from, the rules for exponents. It is often simpler to work directly from the definition and meaning of exponents. Step-by-step explanation:

6 0

2 years ago

In a carnival drawing, a green ticket wins $1, a yellow ticket wins $5, and a blue ticket wins $10. There are 100 green tickets,

Rashid [163]

Answer:

D) 3:10

Step-by-step explanation:

Well only blues and yellows are at least $5. there are 25 yellows and 5 blues and if you add them together there's 30 in total. Now compare that 30 to 100 and you have 30:100. In the simplest form you have to divide both sides by 10 and it becomes 3:10.

3 0

2 years ago