Ask Question
BusinessBusiness
13 September, 05:19

A loan offered at a rate above the normal rate, due to the borrower's low credit rating, is known as what?

A. Subprime

B. Lien

C. Bankruptcy

D. Prime

+3
Answers (1)
  1. 13 September, 07:27
    0
    A. Subprime Mortgage

    Explanation:

    A subprime mortgage is one that's normally issued to borrowers with low credit ratings. A prime conventional mortgage isn't offered because the lender views the borrower as having a greater-than-average risk of defaulting on the loan.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A loan offered at a rate above the normal rate, due to the borrower's low credit rating, is known as what? A. Subprime B. Lien C. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Lowering the interest rate will:A. decrease spending on new homes. B. decrease spending on consumer durables. C. decrease the value of the dollar and lower net exports. D. increase investment projects by firms.
Answers (1)
What is the meaning of New retail?
Answers (1)
1. Explain the meaning of Newton's Law of Gravitation.
Answers (1)
An inflow of cash from investing activities would be
Answers (2)
Friends International is an NGO that fosters greater cultural awareness and understanding by arranging for people of different backgrounds to spend time in other countries and cultures.
Answers (1)
New Questions in Business
A small company has 5000 shares. Lauren owns 200 of these shares. The company decides to split its shares. What is Lauren's ownership percentage after the split?
Answers (1)
What are the two facets of a mode of production according to E. K. Hunt? Define them.
Answers (1)
Assume that a risky security pays an average cash flow of $100 in one year. The risk-free rate is 5%, and the expected return on the market index is 13%.
Answers (1)
Jeremy is considering forms of business organization, including the limited liability company (LLC), for his concessions business-Kettle Popt-Korn. Most states require that an LLC have
Answers (1)
is the process managers use to continually monitor all phases of the production process to ensure that quality is being built into the product from the beginning and that quality is not being inspected into the product at the end of the production
Answers (1)
Home » Business » A loan offered at a rate above the normal rate, due to the borrower's low credit rating, is known as what? A. Subprime B. Lien C. Bankruptcy D. Prime
Sign Up Forgot Password?