what did you learn? question 2 of 9 what is the correct definition of capacity for potential cosigners? the…

what did you learn? question 2 of 9 what is the correct definition of capacity for potential cosigners? the cosigners current financial situation the cosigners past record of paying on time the cosigners financial assets, such as a house or car the cosigners credit history

what did you learn? question 2 of 9 what is the correct definition of capacity for potential cosigners? the cosigners current financial situation the cosigners past record of paying on time the cosigners financial assets, such as a house or car the cosigners credit history

Answer

Brief Explanations:

In finance, when considering a cosigner, capacity refers to their current financial situation which indicates their ability to take on and pay back the debt if the primary borrower defaults. Past payment record is related to character, financial assets are related to collateral, and credit - history is a part of overall creditworthiness but not the direct definition of capacity.

Answer:

The cosigner's current financial situation