CCA - Certified Credit Analyst Practice Test
CCA CCA Collateral Analysis and Valuation
What is the primary purpose of collateral in a commercial credit transaction?
Select your answer
A
To replace the need for borrower financial analysis
B
To provide the lender a secondary repayment source if the borrower fails to repay from cash flow
C
To set the interest rate for the loan
D
To guarantee that the loan will never default
Hint
