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The Type of Loan Whereby the Borrower Makes Interest Only

question 55

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The type of loan whereby the borrower makes interest only payments during the life of the loan with the entire principal due for the final payment is called


Definitions:

Permissive

A style of behavior or attitude that is liberal and allows for freedom or leniency, especially in contexts of parenting or authority.

Uninvolved Parents

A parenting style characterized by a lack of responsiveness to a child's needs and a minimal amount of communication.

Negligent

Negligence refers to a failure to take reasonable care or steps to prevent loss or injury to another person.

Permissive

A parenting style characterized by low demands with high responsiveness.

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