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36) What does it mean when a loan is in default? A. Balance must be paid off in 6 months B. Terms of the loan agreement are renegotiated C. Failure to meet the terms of a loan agreement D. Balance must be paid off in 12 months
"A loan is in default" means: Failure to meet the terms of a loan agreement.
Expert answered|Amtid09|Points 60|
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Asked 3/24/2013 2:09:44 PM
Updated 9/22/2014 6:31:07 PM
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Edited by Janet17 [9/22/2014 6:31:03 PM]
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Added 58 days ago|5/19/2019 12:50:24 PM
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