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Obligor specific information like revenue growth (wholesale), number of times delinquent in the past six months (retail), etc. - this information is specific to a single obligor and can be either static or dynamic in nature. Examples of static characteristics are industry for wholesale loans and origination "loan to value ratio" for retail loans.
Default vs. delinquency Default happens when you miss payments on your business loan — but not immediately. First, your lender considers your loan delinquent.
A default will remain on your credit report on your credit report for seven years. It can make it very difficult to qualify for another loan or credit card in the future. You may also lose any ...
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Credit assessment is completed during the loan application process by applying a set criterion to an application which results in either a loan approval or decline. It is important to note that credit assessment is one way that the lender reduces risk of loan default and is thereby one example of how lenders may apply credit rationing in practice.
For example, the Java language does not allow client code that accesses the private data of a class to compile. [12] In the C++ language, private methods are visible, but not accessible in the interface; however, they may be made invisible by explicitly declaring fully abstract classes that represent the interfaces of the class.
Loan default happens when you regularly miss your monthly loan payments for an extended period of time. Depending on the loan type , this can be anywhere from one day to 270 days since the last ...
Java, C++ (Since C++11) and D allow inheritance or overriding a class method to be prohibited by labeling a declaration of a class or method, respectively, with the keyword "final". In the book Effective Java, author Joshua Bloch writes (in item 17) that programmers should "Design and document for inheritance or else prohibit it".