Understanding Loan Delinquency
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Questions and Answers

The loan is considered ______ if the payment is made on February 2.

delinquent

If the loan agreement allows a grace period of 15 days from the due date, the ______ date is February 16, 2024.

delinquency

When counting business days, ______ and regular holidays are excluded.

Saturday

One of the regular holidays in the Philippines is ______ Day, celebrated on June 12.

<p>Independence</p> Signup and view all the answers

______ Day is celebrated on December 30 in the Philippines.

<p>Rizal</p> Signup and view all the answers

Delinquency occurs when a loan payment is one day ______.

<p>late</p> Signup and view all the answers

Delinquency date is the ______ date.

<p>due</p> Signup and view all the answers

Loans in ______ is used synonymously with the term delinquent loans.

<p>arrears</p> Signup and view all the answers

Poor ______ selection is an internal cause of delinquency.

<p>client</p> Signup and view all the answers

Calamities and natural ______ are external causes of delinquency.

<p>disasters</p> Signup and view all the answers

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