A(n) _________ is a lender, seller, or any other person in whose favor there is a security interest. a. unsecured creditor b. general creditor c. consumer creditor d. secured creditor

Q: Which are the major problems facing a lender when reviewing a loan request made by a borrower?

A: Introduction: A loan agreement is nothing but an agreement between a lender and the borrower which…

Q: A credit union is an example of:   Select one: a.

A: A credit union is an important type of financial institution. It is very much similar to a…

Q: banker requires financial information to assess whether:   I. The borrower can repay the loan…

A: Loan is amount of money lent by borrower which can be used for the purpose of business or any other…

Q: the lending operation, how many types of loans security?

A: In lending operations banks for their safety of loans ask  for some collateral.You have to provide…

Q: A lender is a creditor. Group of answer choices True False

A: Hi student Since there are multiple questions, we will answer only first question.

Q: - Which of the following receivables is allocated for? A) Receivables from partners B) Receivables…

A: The correct option is  A) Receivables from partners

Q: The formal document that outlines the paym lender and the borrower is: the acceleration clause. O…

A: There is agreement between borrower and lender for payment of loan.

Q: Contractual savings institutions include: a.Commercial Banks b.Credit Unions c.Savings and Loans…

A: Contractual savings institutions are intermediaries that purchase money on a contractual basis and…

Q: For a creditor; how is a loan impairment recorded?

A: Creditors:   They are the outside entities to whom the business owes money for any product or a…

Q: Write a persuasive statement either supporting or opposing a bank's right to assign a mortgage to a…

A: A mortgage payment usually consists of four main components: principle, interest, taxes, and…

Q: Credit card debt and commercial loans are easily among the most significant and familiar financial…

A: Credit card debt is a type of bank overdraft wherein the borrower needs to pay an interest amount…

Q: Which of the following accounts is an liability? a. Bank deposit b. Prepaid insurance expense c.…

A: Current liabilities: Liabilities which have to be paid  within one year from the date of the balance…

Q: Liabilities represent amounts owed to outsiders (creditors) expected to be received from customers…

A: The balance sheet represents the financial position of the business. It records the assets and…

Q: For what items may a lender require escrow accounts from a borrower?

A: Escrow account is the third party account in which securities or assets are kept until the…

Q: Why is interest paid on amounts borrowed from banks and other lenders considered to be anoperating…

A: Cash Flow Statement: Cash Flow Statement is a fundamental financial statement that renders valuable…

Q: The document a lender gives a borrower detailing the actual costs of a loan is called     a…

A: A truth in lending disclosure is an agreement where there are some important disclosure made by the…

Q: Which of the following is a secured loan? A - All of these are secured loans B - accounts…

A: A secured loan is a loan that is secured against some collateral security; under this the lender can…

Q: Why is it necessary for the bank to have the right to assign a mortgage to a third party (for…

A: Assignment of mortgage to a third party :  It is referred to as an agreement in loan obligations are…

Q: Which of the following is considered to be a good debt? Select one or more: a. credit card debt b.…

A: Good debt is the debt which has lowest effective interest rate.

Q: Does Loan Meet Written Loan Policy and How Would Loan Be Affected By Changing Laws and Regulations…

A: Lenders utilise the five C's of credit to assess the creditworthiness of potential borrowers. The…

Q: Who is personal creditor and how the personal creditors can claim their debt from commercial company

A: Creditors are those people or institutions from whom finance is borrowed which is to be paid back.…

Q: .In a security agreement, the ___________is the party who owes money and the ____________is the…

A: A security agreement is an agreement between the creditor or a lender and debtor or the borrower, in…

Q: Why can’t bank lend without a written loan policy? Explain in detail.

A: Lending procedure: There are certain steps that are followed in the procedure. this includes the…

Q: From a business's perspective, what is a warranty payment? Is it the same as a warrant payment or…

A: A warrant is a written order by one person instructing or authorizing another person to pay a…

Q: Explain how an installment loan differs from revolving credit in terms of risk and the nature of the…

A: Installment credit is a type of loan in which the borrower receives a defined, or limited, sum of…

Q: Which of the following is true of a credit applicant's character? a. It reflects any unique…

A: Credit applicant is that person who has applied to some firm, business or institution for taking or…

Q: Which is the proper accounting treatment for a mortgage payment?

A: Answer:   Option b.

Q: A loan secured with a financial asset (eg. Accounts receivables) is a called a ___________ loan.…

A: Financial asset is a liquid asset which can be easily sold in the market. A financial asset can be…

Q: ovide example of accounting treatment for transactions related to loan in two situations as…

A: Loan : It is the amount which is borrowed by the individual to fulfil his/her needs. When amount…

Q: Which of the following is not use to assess whether credit should be extended to a household? a.…

A: When credit is extended to a household, certain criteria need to be fulfilled before loan can be…

Q: Explain the 5 C’s that creditors look for in borrowers. Which ones are the most important?  Which…

A: A borrower is an individual or an institution that borrows money or loan from the lender for a…

Q: why loan officer prefer accrual basis accounting

A: The financial statement of a firm can be prepared based on accrual basis of accounting or cash basis…

Q: What is interest earned by a lender but not yet collected? As well as what is interest earned by a…

A: Lender is the person who lends or provides money to other person in return of some interest as well…

Q: what are two types of credit

A: "We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: f a bank client requests a loan for the acquisition of real estate, what type of loan is he/she…

A: A. A refinance loan involves revision of loan terms. For example: If there is a drop in interest…

Q: . Accounts receivable financing is the term used to describe which of the following types of loans…

A: In Accounts receivable financing companies make a collateral of its account receivables to get loan…

Q: 18. Which of the following would be found on a consumer's credit report? A. a savings account…

A: In the given question we are given 4 options regarding credit report and we need to choose the best…

Q: a loan, secured by a collateral, that the borrower is obliged to pay at specific terms. O Loan…

A: A loan is referred as the funds through which one or more company, individual, or some other entity…

Q: If a bank client requests a loan for the acquisition of real estate, what type of loan is he/she…

A: Most clients take a home loan for purchasing real estate. For this they have to comply with certain…

Q: A promissory note is written by a. A seller in favour of another seller b. A customer in favour of…

A: The person who promised to pay the specified amount by signing a note is treated as a notes payer as…