Check GMAT Club Decision Tracker for the Latest School Decision Releases https://gmatclub.com/AppTrack

 It is currently 29 May 2017, 13:05

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# The loan company announced it would soon lend money to

Author Message
TAGS:

### Hide Tags

Intern
Joined: 25 Jul 2009
Posts: 32
Location: Lahore, Pakistan
Schools: going to Melbourne Business School
Followers: 2

Kudos [?]: 9 [0], given: 0

The loan company announced it would soon lend money to [#permalink]

### Show Tags

07 Mar 2010, 04:04
3
This post was
BOOKMARKED
00:00

Difficulty:

5% (low)

Question Stats:

81% (01:52) correct 19% (00:39) wrong based on 287 sessions

### HideShow timer Statistics

The loan company announced it would soon lend money to borrowers with proven records of their not paying back their loans on time, collectively known as the subprime lending market.

A - of their not paying back their loans on time,
B - of not paying back their loans on time, a group
C - of not paying back their loans on time, with such a group
D - that they do not pay back their loans on time,
E - that they do not pay back their loans on time, such a group

Please share your thoughts on the use of group and collectively together. Is it ok to use them together, I think both words convey the same meaning in this context.
[Reveal] Spoiler: OA

Last edited by JarvisR on 06 Jul 2015, 04:38, edited 1 time in total.
OA updated
If you have any questions
New!
Senior Manager
Joined: 25 Jul 2009
Posts: 325
Followers: 1

Kudos [?]: 109 [0], given: 0

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

07 Mar 2010, 07:30
A is simply clumsy
C & E are wordy
In D that they do not pay back their loans on time, collectively doesn't make any sense to me
Hence B
Kindly post the OA
Manager
Joined: 09 May 2009
Posts: 203
Followers: 1

Kudos [?]: 237 [1] , given: 13

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

07 Mar 2010, 10:50
1
KUDOS
Quote:
Please share your thoughts on the use of group and collectively together.

well imo there is no need for collectively after a group ; but in gmat u cant doubt oa;here since collective is in non underlined part we cannot question on its usage;further among the choices only B stands right
a) two their is redundant
b)seems correct
c)meaning altered
d)in whole the s/c is wrong
e)comma splice error
_________________

GMAT is not a game for losers , and the moment u decide to appear for it u are no more a loser........ITS A BRAIN GAME

Intern
Joined: 25 Jul 2009
Posts: 32
Location: Lahore, Pakistan
Schools: going to Melbourne Business School
Followers: 2

Kudos [?]: 9 [0], given: 0

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

07 Mar 2010, 10:52
Like me, I think you go by the ear, but for the TEST I would rather prefer to change this approach.

OA is B.

I got confused with the use of group and collectively, sounds like ellipsis. But, in GMAT, we need to choose the better option, it may not be the best option always !
In this case, all others have grammatical mistakes.
Manager
Status: GMAT BATTLE - WIN OR DIE
Joined: 02 May 2011
Posts: 167
Concentration: General Management, Entrepreneurship
GMAT Date: 12-22-2011
GPA: 3.81
WE: General Management (Hospitality and Tourism)
Followers: 2

Kudos [?]: 89 [0], given: 13

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

22 Jul 2011, 10:35
Director
Status: No dream is too large, no dreamer is too small
Joined: 14 Jul 2010
Posts: 631
Followers: 44

Kudos [?]: 974 [0], given: 39

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

23 Dec 2011, 04:04
The loan company announced it would soon lend money to borrowers with proven records of their not paying back their loans on time, collectively known as the subprime lending market.

A.Of their not paying back their loans on time, [awkward]
B.Of not paying back their loans on time, a group [Most economy & correct]
C.Of not paying back their loans on time, with such a group [awkward]
D.That they do not pay back their loans on time, [They does not have proper antecedent]
E.That they do not pay back their loans on time, such a group [They does not have proper antecedent]
_________________

Collections:-
PSof OG solved by GC members: http://gmatclub.com/forum/collection-ps-with-solution-from-gmatclub-110005.html
DS of OG solved by GC members: http://gmatclub.com/forum/collection-ds-with-solution-from-gmatclub-110004.html
100 GMAT PREP Quantitative collection http://gmatclub.com/forum/gmat-prep-problem-collections-114358.html
Collections of work/rate problems with solutions http://gmatclub.com/forum/collections-of-work-rate-problem-with-solutions-118919.html
Mixture problems in a file with best solutions: http://gmatclub.com/forum/mixture-problems-with-best-and-easy-solutions-all-together-124644.html

VP
Status: Been a long time guys...
Joined: 03 Feb 2011
Posts: 1381
Location: United States (NY)
Concentration: Finance, Marketing
GPA: 3.75
Followers: 178

Kudos [?]: 1466 [0], given: 62

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

26 Oct 2012, 08:46
I agree to the above explanations but my doubt is "Shouldn't the preposition "of" be followed by a noun?"
Does "not paying back" plays the role of a noun?
Experts please let me know if I am missing something here.
_________________
e-GMAT Representative
Joined: 02 Nov 2011
Posts: 2022
Followers: 2222

Kudos [?]: 7769 [3] , given: 291

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

26 Oct 2012, 11:56
3
KUDOS
Expert's post
Marcab wrote:
I agree to the above explanations but my doubt is "Shouldn't the preposition "of" be followed by a noun?"
Does "not paying back" plays the role of a noun?
Experts please let me know if I am missing something here.

Hi @Marcab,
The answer to your question is yes. The phrase “not paying their loans on time” is playing the role of a noun. Let’s take a few simple sentences to understand the structure of this official sentence.
1. Akbar is known for giving equal importance to all religions.
2. Birbal has the record of solving all the riddles presented to him.
3. Birbal has the record of not leaving any riddle unsolved.
In all the above three sentences, the entities after the preposition is a noun phrase. Note that “giving”, “solving”, and “solving” are gerunds – the words that suggest action but act as nouns. Adding “not” does not change their roles. The presented official sentence follows the same structure:
The loan company announced it would soon lend money to borrowers with proven records of not paying back their loans on time, a group collectively known as the subprime lending market.
Here “not paying back their loans on time” is acting as a noun.

Hope this helps.
Thanks.
_________________

| '4 out of Top 5' Instructors on gmatclub | 70 point improvement guarantee | www.e-gmat.com

VP
Status: Been a long time guys...
Joined: 03 Feb 2011
Posts: 1381
Location: United States (NY)
Concentration: Finance, Marketing
GPA: 3.75
Followers: 178

Kudos [?]: 1466 [0], given: 62

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

26 Oct 2012, 18:07
Never knew that "not" paying back can also become a noun.
This explanation indeed has helped.
_________________
GMAT Club Legend
Joined: 01 Oct 2013
Posts: 10303
Followers: 1001

Kudos [?]: 225 [0], given: 0

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

10 Oct 2014, 14:44
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
GMAT Club Legend
Joined: 01 Oct 2013
Posts: 10303
Followers: 1001

Kudos [?]: 225 [1] , given: 0

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

14 Jan 2017, 14:23
1
KUDOS
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Intern
Joined: 30 Jan 2017
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 1

Re: The loan company announced it would soon lend money to [#permalink]

### Show Tags

01 Apr 2017, 08:45
Can someone help understand why "a group collectively known..." is not a redundancy?

Thanks
Re: The loan company announced it would soon lend money to   [#permalink] 01 Apr 2017, 08:45
Similar topics Replies Last post
Similar
Topics:
2 *700* The loan company announced it would 1 12 Apr 2015, 00:46
8 The utility company has announced that it will permanently 9 27 Oct 2016, 09:49
5 The automobile company announced that the average price 15 15 Oct 2014, 13:05
38 The computer company has announced that it will purchase the 35 05 May 2017, 21:32
The computer company has announced that it will purchase the 0 19 Dec 2016, 10:18
Display posts from previous: Sort by