Personal Assessment Facts At Approval

From Open Risk Manual

Definition

Personal Assessment Facts At Approval. Pertinent economic facts about an individual person at the time a given loan was approved.

These are the same dated economic facts that may be assessed about a person at any time, but with the time of assessment being the time that the loan in quesiton was approved. This term therefore also has a relationship to the loan and the assessment activity for that loan.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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