MKT 3427 Study Guide - Quiz Guide: Investment Strategy, Social Security Number, Health Savings Account
Document Summary
Liabilities require mandatory transfer of assets, or provision of services, at specified dates or in determinable future: a company"s financial debt or obligations that arise during the course of its business operations. The system weighs five characteristics of the borrower and conditions of the loan, attempting to estimate the chance of default. The five c"s of credit are character, capacity, capital, collateral and conditions: 5 c"s of credit = a common reference to the major elements of a banker"s analysis when considering a request for a loan. They"re 5 criteria that form a lending industry-wide perspective on how to judge a borrower: fico score= the fico score is a credit score. These are used by mortgage lenders to predict the borrower"s ability and willingness to pay debts. Fico is an acronym for the fair isaac corporation, which calculates the credit scores in the united states: cd, short- or medium-term, interest-bearing, fdic-insured debt instrument offered by banks and savings and loans.
