A Contract Negotiated Directly with a Bank in Which the Borrower

question 11

Multiple Choice

A contract negotiated directly with a bank in which the borrower agrees to make a series of interest and principal payments on specific dates to the bank is called

• A) Preference shares.
• B) commercial paper.
• C) convertible debt.
• D) a term loan.
• E) a bond issue.

---

Definitions:

Testes

The testes are the male reproductive glands that produce sperm and the hormone testosterone.

Penis

A male reproductive organ that serves both sexual intercourse and the urinary system functions.

Puberty

The developmental stage in adolescents during which they attain sexual maturity and become capable of reproduction.

Secondary Sex Development

Refers to the physical changes that occur during puberty not directly related to reproductive organs, such as the development of breasts in females and facial hair in males.