The claims of creditors of a bank against the bank's assets are called -----

Accounting Dec 16, 2020

The claims of creditors of a bank against the bank's assets are called -----.

Expert Solution

The claims of creditors of a bank against the bank's assets are called Liabilities.

Liabilities arise when the creditor and the borrower establishes a credit relationship, and there is an actual disbursement of loan proceeds to the borrower. In the event that the borrower has financial distress or bankruptcy, the creditor can claim its loans.

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