What is a debt defaulter ?

1 Answer

Answer :

When a loan or loan installment is not repaid after a certain period of time as per the terms of the agreement for any reason , the loan is defaulted.

Related questions

Description : The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Last Answer : D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a ... of an account. The CFR is a centralised searchable database which can be accessed by banks.

Description : The ______setting are automatic and standard: a) Default b) CPU c) Peripheral d) User Friendly e) Defaulter

Last Answer : a) Default