Loans That Require Payment of Interest at Regular Intervals and Payment

question 88

True/False

Loans that require payment of interest at regular intervals and payment of principal at maturity are installment notes.

---

Definitions:

Flexion

A movement that decreases the angle between two body parts, such as bending a limb at a joint.

Extension

The act of increasing the length, duration, or scope of something beyond the original limit.

Pronation

The inward roll of the foot during normal motion, or the rotational movement of the forearm that turns the palm downward.

Supination

The outward rotation of the forearm or foot, such that the palm or sole faces upwards or forwards.