When a Borrower Receives the Face Amount of a Discounted

question 112

Multiple Choice

When a borrower receives the face amount of a discounted note less the discount,the amount is known as

• A)the note proceeds
• B)the note discount
• C)the note deferred interest
• D)the note principal

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Definitions:

Conjunctive Adverbs

Words that connect two independent clauses together, showing relationship in terms of sequence, contrast, cause and effect, etc.

Punctuated Correctly

Describes text that is marked with commas, periods, and other punctuation marks appropriately according to grammar rules.

Coordinating Conjunction

A word that connects words, phrases, or clauses that are grammatically equal, examples include and, but, or, nor, for, so, and yet.

Punctuated Correctly

Being punctuated correctly refers to a piece of writing that properly uses punctuation marks, thereby ensuring clarity and readability.