When a Note Is to Be Paid in Regular Payments

question 293

Multiple Choice

When a note is to be paid in regular payments but also includes a final payment more than double the regular payments, the note is called:

• A) an installment note
• B) a collateral note
• C) a payee note
• D) a maker note
• E) a balloon note

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Definitions:

Dependent Variable

The variable in an experiment that is expected to change in response to manipulations of the independent variable.

Experimental Research Design

A scientific method in which variables are manipulated and controlled to establish cause-and-effect relationships between them.

Ethical

Concerned with or relating to ethics or the standards of right and wrong behavior.

Cause and Effect

A relationship in which one event (the cause) makes another event happen (the effect).