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Question 3 of 9
What is the correct definition of character for potential cosigners?
The cosigner's financial assets, such as a house or car
The cosigner's current bank balance
The cosigner's past record of paying on time
The cosigner's current financial situation
Question 3 of 9
What is the correct definition of character for potential cosigners?
The cosigner's financial assets, such as a house or car
The cosigner's current bank balance
The cosigner's past record of paying on time
The cosigner's current financial situation
Answers
GPT-4o mini
The correct definition of "character" for potential cosigners refers to **the cosigner's past record of paying on time**. This aspect assesses the reliability and trustworthiness of the cosigner based on their previous financial behavior and credit history.