Loans backed by a simple promise to repay are known as _____ loans. open-end credit revolving credit     securedu nsecured

Q: Loan structuring is the process of designing a loan to satisfy the financing demands of a business…

A:

Q: Define the following using your own words and give examples To credit Debit Credit

A: Introduction:- Debit column is on the left and the credit column is on the right. Every transaction…

Q: ypes of credit extension? Which one is biggest?Writing the lending process to provide loan for…

A: Credit extension means the loans granted.

Q: 21. Open account credit is a credit facility offered by retailers or financial institutions which…

A: Open credit is a financial contract between a lender and a borrower that allows the latter to obtain…

Q: secured line of credit: Select one: a. is backed up by pledged assets b. is not backed up by pledge…

A: At the time of providing the facility of the line of credit, the financial institution has…

Q: Loans backed by tangible assets are known as _____ loans. open-end creditrevolving credit…

A: Loan A loan refers to the amount of money given by the person who has excess funds to the person who…

Q: Mortgage Bankers provide all of the following functions EXCEPT: originate mortgage loans, provide…

A: Mortgage bank used to specialize for lending the funds, which are against the mortgage regarding the…

Q: Is the following statement true or false? Open-end loans are often called line-of-credit accounts. O…

A: A loan provided by a financial body to a borrower that has a pre-approved credit limit and can be…

Q: pre-approved amount of open-end credit, based on a borrower's ability to pay, is called a(n) _____.…

A: There are different types of credit available in the market and it all depends on the agreement…

Q: Bank rates on credit card balances are usually similar to the rate charged on business loans.…

A: A credit card's interest rate, often known as a 'financing charge,' is the rate levied by credit…

Q: A forward rate is a borrowing/lending rate for a loan to be made at some future date.   Select…

A:

Q: Bank Muscat advances secured and unsecured loans to their customers. If Bank Muscat is issuing…

A: Secured loans are the loans which provided to borrower after taking collateral security. Unsecured…

Q: Liabilities of saving institutions include: checkable deposits, NOW accounts, and regular savings…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Q: how to understand the characteristics of letter of credit

A: A letter or document issued by the bank in order to give guarantee payment to the seller is referred…

Q: y banks to qualified borrowers * investment unsecured loans stand

A: Step 1   Customers can get unsecured loans from various lenders across the country. Several…

Q: Overdrafts are a result of a. loans made against certificates of deposit b. banks paying wire…

A: Very easy and low cost convenient way of getting loan are draft loans.

Q: which of the following source of finance comes with a line of credit ? a. Credit card b. Mutual Fund…

A: There are various sources of finance

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: 6. Open account credit provides a debtor with a predetermined line of credit and a flexible payback…

A: Open account credit is a kind of system in which the payment will be made later. It is risker when…

Q: Define revolving credit agreement

A: Revolving credit agreement: A revolving credit is a lawful guarantee in which a bank agrees to lend…

Q: Explain why a loan officer always looks at a credit report before making a loan. What should you do…

A: The credit report is a way of assessing the credit history of the person seeking loan. By looking at…

Q: rms: credit transfer, dishonoured cheque, standing order and give examples, the purposes, advantage

A: Credit transfer can refer to: The transfer of money from one account to another, also called a wire…

Q: The two types of personal loans are Installment Loans and Demand Loans. True False

A: Introduction : In simple words, personal loans refers to the loans which are given to the borrower…

Q: If a credit marked as "Upon receipt by the beneficiary of notice from the issuing bank that a draft…

A: The question is based on the banking term and arrangement of credit under different conditions.…

Q: When a lender looks at your FICO credit score to decide whether to lend to you, which of the “Five…

A: The five Cs of credit is a system used by lenders to get the creditworthiness of borrower

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: A credit report keeps track of money you borrow from banks, credit card companies, and other…

A: Loan means the amount taken from another person to be repaid back with interest.

Q: Short-term notes payable: O Can replace an account payable O Can be issued in return for money…

A: Short-term notes payable are considered a negotiable instrument. In this one-party agree to pay a…

Q: The bank may require other forms of collateral security for bank loans. These may include O 1. a…

A: Collateral Securities Concept for Bank borrowing  Banking

Q: 21. Open account credit is a credit facility offered by retailers or financial institutions vhich…

A: Open account credit is a credit facility provided by the retailers, banks or financial institutions…

Q: Which account in the bank helps the customers to deposit and withdraw when they need it? a. Savings…

A: Introduction: Banks: Banks accepts deposits from customers and gives loans to who are needed. It…

Q: Explain whati mportant information we can get from each sources of credit information to be able to…

A: The answer is given below:

Q: redit cards provide consumers with what is known as revolving credit. T

A: Introduction : A credit card can be understood as the type of  card which enables you to receive…

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

A: Answer:   Option b.

Q: romissory notes can be used in which of the following cases? a. Lending money b. All the given…

A: Explanation: Promissory note: A promissory note is a legal financial instrument that has a written…

Q: The interest rate that banks provide to the customers for the savings deposit account is more than…

A: The bank provides different types of rates on different types of investment.

Q: practice, methuuS npaire ans ary across two general type of loans. (a) Individually small and…

A: The answer is stated below:

Q: The fee charged for using a credit card is called O APR O Interest O late fee O credit rating

A: Credit cards are provided by banks if customer is willing to take if he/she has an account with the…

Q: _____ is the most popular type of open-end credit. Amount creditFinance credit     Installment…

A: Open-end credit is a type of loan provide by banks or financial institutions to the borrower. The…

Q: match the correct term for each of the following descriptions. Descriptions Terms Examples of these…

A:

Q: Define each of the following terms: m. Promissory note; line of credit; revolving credit agreement

A: Promissory note: It is a financial instrument in which there is a promise by the issuer of note to…

Q: Question 4 Which of the following are secured loans? (select all that apply) mortgages credit card…

A: Secured loans are loans that require some type of collateral as a condition of borrowing. The…

Q: One possible cost of extending credit is called​ ______________.

A: Accounting:   Accounting is the art of recording, classifying and summarizing in a significant…

Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.