Register

The term risk, when applied to borrowers, specifically refers to a. lifestyles. b. the risk that the borrower will not get a loan. c. the risk associated with a major purchase. …

The term risk, when applied to borrowers, specifically refers to a. lifestyles. b. the risk that the borrower will not get a loan. c. the risk associated with a major purchase. …
asked 93.9k views
3 votes
The term risk, when applied to borrowers, specifically refers to

a. lifestyles.
b. the risk that the borrower will not get a loan.
c. the risk associated with a major purchase.
d. the likelihood that the borrower will not pay the loan.

asked
User Pocho
by
8.3k points

1 Answer

3 votes
D.  Lenders are worried that the borrower won't pay them back, and they assess how likely that is to happen by looking at the borrower's income, other assets, credit history, etc.
answered
User Dbarbosa
by
8.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
Link Copied!