Outcome 4 looks at the steps a banker has to take when borrowing is not being repaid as agreed or there is a risk that borrowing commitments will not be met in the future.

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Learners should become familiar with relevant terminology and should make use of this.

 

This Unit does not focus on the detail of the legal processes such as bankruptcy and liquidation. It is sufficient that learners know that these are processes that can result following personal or business financial failure and to know in outline the consequences of these processes.