Explain the three C's of credit
neiprsConsider the following scenario:
Milford Bank and Trust Company is revamping its credit management department to more effectively manage credit analysis. As the credit manager for the bank, draft a 750-word report for the board of directors explaining the three C's of credit. Make sure to address the following:
- Character
- Capacity
- Capital
- Also, explain what the acronym CAMEL means, which is used with the third C (capital
- 10 years ago
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