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Assuming the borrower is in no danger of default, under what conditions might a lender be willing to accept a lesser amount from a borrower
Assuming the borrower is in no danger of default, under what conditions might a lender be willing to accept a lesser amount from a borrower than the outstanding balance of a loan and still consider the loan paid in full?
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Managerial Finance In A Canadian Setting
Authors: X. Lusztig, X. Schwab
4th Edition
