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Marysya12 [62]
3 years ago
7

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]3 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.

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Please Help!!! Its math!
Veronika [31]

Answer:

$159

Step-by-step explanation:

All your doing  is adding 45% and a percentage is out of 100 so to put it in decimal form it would be 0.45 added onto 159 which would give you $159.45 rounded to the nearest dollar would be $159

3 0
3 years ago
Solve this system of equations without graphing and show your reasoning
Drupady [299]

Answer:

x = 1/5

y = 6

Step-by-step explanation:

System:

{5x + y = 7

{20x + 2 = y

First equation:

5x + y = 7 -> y = -5x + 7

Plug into second equation:

20x + 2 = -5x + 7

Subtract 2 from both sides:

20x = -5x + 5

Add 5x to both sides:

25x = 5

Divde both sides by 25:

x = 5/25 -> 1/5

~~~~~~~~~~~~~~~~~~~~~~~~~~~`

Come back to the first equation:

5x + y = 7

Plus in our x:

5(1/5) + y = 7

Multiply:

1 + y = 7

Subtract 1 from both sides:

y = 6

Hope this helps, have a nice day! :D

7 0
2 years ago
Add the two expressions. 6q + 1 and q + 11 Enter your answer in the box.
Vanyuwa [196]
If you have to add them these means there is no equal sing meaning you dont have to find q just add them and thats it, so add common like terms which are 6q and q and 1 and 11 to get 7q+12

Hope this helps
5 0
3 years ago
Read 2 more answers
Terrell was engrossed in his 340-page book. He stoped on page 127 to eat lunch. He stop on page 253 to eat dinner. How many page
stellarik [79]

Answer: MAYBE <em>its 126</em>

Step-by-step explanation: The answer that I believe is- uh- idk. But what I know is that Terrell has 340 in total. He reads 253 in total also. But the question is "How many pages did Terrell read between lunch and dinner". Well I don't get this question very good but I think you subtract 253 to 127 which you get 126. If you don't think this is right, do 126 plus 127 which is 253. If I get this answer wrong I'm sorry, but this question is confusing.

3 0
3 years ago
(4x + 7)ºX[5(x – 4)]°<br><br> What is the Value of X?
Harlamova29_29 [7]

Answer:

<h2>x = 27°</h2>

Step-by-step explanation:

From the question ( 4x + 7)° and [5(x - 4)]° are vertically opposite

Since vertically opposite angles are equal we can equate them to find x

That's

4x + 7 = 5(x - 4)

4x + 7 = 5x - 20

Group like terms

5x - 4x = 20 + 7

<h3>x = 27°</h3>

Hope this helps you

3 0
3 years ago
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