Examlex
Which of the following statements is NOT true?
Payments Cease
Refers to the termination or halt of scheduled payments, often in the context of loans or financial instruments.
Pure Discount Loan
A loan where the borrower receives a single lump sum amount upfront and repays the lender a higher amount at the loan's maturity.
Lump Sum
A single payment of money, as opposed to a series of payments made over time.
Borrower Receives
The amount of capital a borrower obtains from a lender under the terms of a loan.
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