The term risk, when applied to borrowers, specifically refers to
a. lifestyles.
b. the risk that the borrower will not get a loan.
c. the risk associated with a major purchase.
d. the likelihood that the borrower will not pay the loan.
D. Lenders are worried that the borrower won't pay them back, and they assess how likely that is to happen by looking at the borrower's income, other assets, credit history, etc.
