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Financial Responsibility
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
The ability of a borrower or
prospective borrower to pay his debts based on his wealth or property;
a term used among bank credit people to indicate the financial worth (i.e.,
the conservatively appraised net assets) of a credit risk.
Financial responsibility is measured by the PROPERTY RISK.
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