130k views
5 votes
A person's ability to pay off debts based on the money that person has available to meet financial obligations is called what?

1 Answer

7 votes

Answer: Financial capacity

Explanation:

A person's ability to pay off debts based on the money that person has available to meet financial obligation is called "Financial capacity".

As Financial capacity of a person make him able to pay off debts.

If he is financial stable then he will pay off his debts and to meet financial obligations.

User Firas Omrane
by
7.7k points

No related questions found