The term "securitization" refers to: A. investing in short-term securities B. investing in long-term securities C. packaging and selling large loans D. packaging and selling of otherwise unmarketable loans Loan participations are A. parts of loans that are sold to banks B. parts of securitized investments C. participation in the underwriting D. downstream investment A loan commitment is A. an irrevocable promise by the bank to a borrower to extend credit B. an agreement between a bank and a borrower that the bank may extend credit under certain conditions C. a form of a standby letter of credit D. none of the above The term "character" in the Cs of credit refers to A. the borrower's physical characteristics B. the borrower's attitudes about banks and loans C. the borrower's reputation, honesty, and integrity D. the borrower's representations about collateral Which of the following Cs of credit is the most important? A. Compliance B. Capacity C. Conditions D. Character Loans made to closely held firms should have A. guarantees of the principals B. collateral C. pro-forma statements D. relationship pricing