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Sagot :
The "five c’s of credit" is Gregory’s bank trying to determine capacity.
What do you mean by loan?
- A loan is the lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities.
- The recipient, or borrower, incurs a debt and is often responsible for both the main amount borrowed as well as interest payments on the debt until it is repaid.
- The promissory note used to prove the obligation will typically include information like the principal amount borrowed, the interest rate the lender is charging, and the due date for repayment.
What do you mean by the bank?
- A bank is a type of financial entity that lends money while both taking deposits from the general public and generating demand deposits.
- The bank can carry out lending activities directly or indirectly by using capital markets.
- Because banks are crucial to the financial stability and economic health of a nation, they are subject to intense regulation in most jurisdictions.
- The majority of nations have institutionalized the fractional reserve banking system, in which banks keep liquid assets that are only partially equivalent to their current liabilities.
- Banks are typically subject to minimum capital requirements based on an international set of capital rules, the Basel Accords, in addition to additional restrictions meant to ensure liquidity.
Learn more about loans here:
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