Renegotiating A Credit Agreement: Difference between revisions
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Latest revision as of 16:35, 1 April 2022
Definition
Renegotiating A Credit Agreement. In the context of the Financial Competence Framework, Renegotiating A Credit Agreement is a topic in the Planning And Managing Finances subject matter domain.[1]
Competences
Mastering the role of Renegotiating A Credit Agreement in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
320 | Aware that it may be possible to renegotiate a credit agreement | Knowledge |
321 | Takes steps to stay informed about market changes when repaying credit and considers renegotiating unfavourable or unaffordable arrangements | Skill |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union