Finance 2

Question 1

Default on repayments

Answer 1

➡️ fail to pay a debt.

Question 2

Call in loans

Answer 2

➡️demand that people pay back the money the money the bank has lent to them.
🔘Ex: if borrowers “default on repayments”, banks are obliged(require, compel, impel) to call in loans.

Question 3

Cost-cutting measures

Answer 3

➡️ measures implemented by a company to reduce its expenses and improve profitability. Cost cutting measures are typically implemented during times of financial distress for a company or during economic downturns.

Question 4

Write off debts