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The loan company announced it would soon lend money to borrowers with

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

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New post Updated on: 05 Dec 2018, 03:45
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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.

Originally posted by hamza on 07 Mar 2010, 03:04.
Last edited by Bunuel on 05 Dec 2018, 03:45, edited 2 times in total.
Renamed the topic and edited the question.
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Re: The loan company announced it would soon lend money to borrowers with  [#permalink]

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New post 26 Oct 2012, 10:56
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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.
Shraddha
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Re: The loan company announced it would soon lend money to borrowers with  [#permalink]

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New post 07 Mar 2010, 09:50
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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
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Re: The loan company announced it would soon lend money to borrowers with  [#permalink]

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New post 23 Dec 2011, 03:04
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]
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Re: The loan company announced it would soon lend money to borrowers with  [#permalink]

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New post 26 Oct 2012, 07:46
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.
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Re: *700* The loan company announced it would  [#permalink]

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New post 11 Apr 2015, 23:46
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,"their" is incorrect. The "collectively" clause should be a noun modifier instead.

B. of not paying back their loans on time, a group possessive "their" clearly refers back to "borrowers"; placement of "their" is good. comma+"a group collectively" makes the last clause an appositive.

C. of not paying back their loans on time, with such a group "with such a group"

D. that they do not pay back their loans on time, "records that" unidiomatic. The "collectively" clause should be a noun modifier instead.

E. that they do not pay back their loans on time, such a group"records that" unidiomatic
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Re: The loan company announced it would soon lend money to borrowers with  [#permalink]

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New post 31 Aug 2017, 23:54
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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.
This sentence has 2 errors.
Pronoun Usage: The pronoun “their” refers to “borrowers”. The pronoun or antecedent is not required at this location. Lets see the sentence with the antecedent:
The loan company will soon lend money to borrowers with proven records of borrowers’ not paying back their loans on time.
The expression “borrower’s not paying back” is incorrect.This should be corrected by simply deleting this occurrence of “their”. The sentence will make complete sense if it states – with proven records of not paying their loans”
Modifier Error: The modifier – collectively known as – is a verb-ed modifier. This modifier appears to modify the preceding noun – time. But this modification is non-sensical since “time is not known as subprime lending market”.
This can be corrected by changing the nature of modifier. Note that the modifier is worded such that it adds to the idea of the preceding clause. This clause talks about an action that is then named in this modifier. – subprime lending market. Thus, the modifier should be reworded as the modifier than can modify the preceding clause.

In D and E, record that is not idiomatic. The correct idiom is record of. Eliminate D and E.
In A, it is unclear what is being modified by collectively known. Eliminate A.

In C, it is unclear what is being modified by with such a group. Eliminate C.
The correct answer is B
In B, a group collectively known is in apposition to the the borrowers. Apposition is a structure in which two nouns are placed side by side; the purpose of the second noun is to define or modify the first. In the SC above, a group tells us more about the borrowers.
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Re: The loan company announced it would soon lend money to borrowers with  [#permalink]

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New post 11 Dec 2017, 02:52
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, -- Modifier issue -- collectively known as .. market appears to modify the preceding noun – time. But this modification is non-sensical since “time is not known as subprime lending market”. ; pronoun their -- refers to borrowers , The expression “borrower’s not paying back” is incorrect.This should be corrected by simply deleting this occurrence of “their”. The sentence will make complete sense if it states – with proven records of not paying their loans”
B - of not paying back their loans on time, a group - Correct
C - of not paying back their loans on time, with such a group - It is not clear what the modifier “with such a group” modifies. In other words, it is not clear “who” or “what” is “with such a group”.
D - that they do not pay back their loans on time, -- undiomatic -- records that ... ; modifier issue -- same as A
E - that they do not pay back their loans on time, such a group -- undiomatic


Answer B

AjiteshArun , mikemcgarry ,daagh , egmat , GMATNinja , sayantanc2k , RonPurewal , other experts -- don't we need a that after announced here?

The loan company announced that it would soon lend money to borrowers with proven records
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Re: The loan company announced it would soon lend money to borrowers with  [#permalink]

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New post 11 Dec 2017, 11:31
Skywalker18 wrote:
don't we need a that after announced here?

The loan company announced that it would soon lend money to borrowers with proven records

Dear Skywalker18,

I'm happy to respond. :-)

This is a funny thing about official questions. GMAT official questions are perhaps the most rigorously tested questions in the world: each one has been used on the GMAT thousands of times, and so has a mountain of data behind it verifying its quality.

There is some variability in the quality--after all, the instruction is not to find the ideal answer but merely the best of five. Furthermore, sometimes a gross breach of GMAT SC standards occurs in an unrelated part of the non-underlined portion. Most people taking the test would focus exclusively on the underlined section and would validate the question based on that portion. If someone gets distracted by the absent "that" during the test, that would make it marginally more likely that this student would get the question wrong. In a way, that mistake can act as a distractor.

So, yes, of course the most formal and proper way to write this would be
The loan company announced that it would soon lend money to borrowers with proven records . . .
Absolutely, that would be the best.

What this particular official question has in the non-underlined portion is less than ideal. Don't let this fluster you. Don't allow yourself to spend intellectual or emotional energy on this point. Don't allow yourself to be distracted. Just accept it and move it.

Does all this make sense?
Mike :-)
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Re: *700* The loan company announced it would  [#permalink]

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Re: *700* The loan company announced it would &nbs [#permalink] 05 Dec 2018, 03:08
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