A Written Pledge by a Borrower to Pay a Certain

question 129

Multiple Choice

A written pledge by a borrower to pay a certain sum of money to a creditor at a specified future date is called

• A) a promissory note.
• B) collateral.
• C) a factor account.
• D) a charge account.
• E) a term loan agreement.

---

Definitions:

Football Coach

An individual responsible for directing, training, and leading a football team, emphasizing strategies, techniques, and physical fitness.

Threatens

To express an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Bureaucracies

Organized administrative systems governed by a set of rules and regulations, typically within large organizations or governments, to ensure efficiency and effectiveness.

Alienation

A feeling of isolation or estrangement from oneself, others, or society, often resulting in disenchantment or disconnection.