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What Is the Type of Loan Where the Entire Interest

question 75

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What is the type of loan where the entire interest charge is subtracted from the loan principal before you receive the money,and at maturity you repay the entire principal?


Definitions:

Restrictive

Imposing limitations or conditions on something's scope, use, or extent.

Nonrestrictive

Describing a clause or phrase that provides additional information without limiting the meaning of the sentence.

Nonrestrictive Clause

A type of clause in a sentence that provides additional information but does not limit or restrict the meaning of the main clause.

Restrictive

A term describing clauses, rules, or adjectives that limit or define the entities they refer to more narrowly.

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