In Most States, an Individual Can Be an Officer or a Director

question 40

True/False

In most states, an individual can be an officer or a director of a corporation, but not both at the same time.​

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Definitions:

Maturity Value

The total amount that will be paid to an investor at the end of a fixed-term investment, including the principal and interest.

Per-annum Rate

Another term for annual rate, indicating the interest rate or growth rate over a single year.

Bank Loan

Money lent by a bank to a customer, usually with interest, that is expected to be repaid within a certain period.

Outstanding Principal

The remaining amount of money borrowed that has not yet been repaid.