Question

delinquency cost refers to bad debt losses to the firm

1 true
2 false ​

Answer 1

delinquency cost refers to bad debt losses to firm true

Answer 2

Answer:

Answer is True

Explanation:

The delinquency cost refers to bad debt losses to the firm because Delinquent describes something or someone who fails to accomplish that which is required by law, duty, or contractual agreement, such as the failure to make a required payment or perform a particular action.

For example, a registered investment advisor who puts a conservative, income-oriented client into a highly speculative stock could be found delinquent in his fiduciary duties. If an insurance company fails to warn a universal life policyholder that their policy is in danger of lapsing due to insufficient premium payments, it could be considered delinquent