When a borrower is unable to make a scheduled interest payment, the type of default that occurs is a: 29 Multiple Choice 0.5 points 01:01:57 technical default. References covenant default. O payment default. O transitory default. When a debt covenant is violated, the related debt must be classified as current if it is: 27 Multiple Choice 0.5 points 8 01:03:45 probable that the borrower will not be able to cure the default within the next twelve months. References O probable that the borrower will not be able to cure the default within the next fifteen months. probable that the borrower will be able to cure the default in the next twelve months. probable that the borrower will be able to cure the default in the next fifteen months. The failure of a company to pay other debts, such as payables or other loans, when due is called: 25 Multiple Choice 0.5 points 8 01:07:21 routine default. References O non-default cross default. compliance default. Which one of the following is an example of a negative covenant? 21 Multiple Choice 0.5 points 01:10:57 Compliance with laws. References Maintenance of insurance O Limit on capital expenditures. O Rights of Inspection Which one of the following is an example of a negative covenant? 21 Multiple Choice 0.5 points 8 01:15:42 Compliance with laws. References Maintenance of insurance. Limit on capital expenditures. Rights of inspection