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Term about credit risk and collateral !
Hey guys, I need help with something. My boss talkted to me about a term, that I know what it means, but I forgot the word... and I can't seem to find it anywhere...
It's a three letter term. It's the % of the value of a collateral that the lender lends to a borrower
The thing is that I asked him twice already, and both times someone immediatelly aproached me with something else... so I had no time to memorize it or write it down.
Well, also if you have some material about this subject (credit analyst for corporate loans)... anything is good :-)