Prepare for the Future of Finance with CFI's Commercial Lending courses. Learn vital skills for a successful career in commercial credit and related fields.| Corporate Finance Institute
A covenant is a specific term in a credit agreement that requires or restricts certain circumstances or behaviors by a borrower. Learn more!| Corporate Finance Institute
A FICO score, more commonly known as a credit score, is a three-digit number that is used to assess how likely a person is to repay the credit.| Corporate Finance Institute
Looking to become a certified credit analyst? Discover CFI's in-depth credit analyst training program. ✓ Start your certification journey now!| Corporate Finance Institute
The Annual Percentage Rate (APR) is the yearly rate of interest that an individual must pay on a loan or that they receive on a deposit account.| Corporate Finance Institute
Looking to boost your finance career resources? CFI offers in-depth guides and tips to elevate your profession. ✓ Unlock success with us today.| Corporate Finance Institute
An interest rate refers to the amount charged by a lender to a borrower for any form of debt given, generally expressed as a percentage of the principal.| Corporate Finance Institute