American_Bankers_Association
CTFA · Question #248
Lenders often look the 5 C's of credit as a way to assess the willingness and ability of a borrower to repay a loan. Those 5 C's are all of the following Except:
The correct answer is C. Credit term. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
Lenders often look the 5 C's of credit as a way to assess the willingness and ability of a borrower to repay a loan. Those 5 C's are all of the following Except:
Options
- ACharacter
- BCollateral
- CCredit term
- DCondition
How the community answered
(25 responses)- A4% (1)
- B4% (1)
- C80% (20)
- D12% (3)
Topics
#5 C's of credit#creditworthiness#loan assessment#credit terms
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