Airport Hotels

question 9

Multiple Choice

Airport hotels

• A) are generally not full service
• B) range from 200 -600 rooms with full service
• C) are often smaller, budget hotels
• D) face less competition than other types of hotels

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Definitions:

Installment Note

A financial instrument that requires the issuer to make regular payments of both principal and interest to the holder until the debt is paid off.

Interest Portion

Part of a loan payment that is attributed to interest charges on the borrowed principal amount.

Principal Amount

The original sum of money borrowed in a loan or put into an investment, excluding interest or profit.

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a set period of time until the full amount, including interest, is paid.