Pre Approval Request

From Open Risk Manual

Definition

Pre Approval Request. A request from a potential borrower that a lender commit to pre-approving the borrower for a loan of up to a specified amount of money

This may also inlcude limits on the region where to purchase.

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.