The Contract Supporting an Installment Loan Is Called A(n)

question 33

Multiple Choice

The contract supporting an installment loan is called a(n)

• A)promissory note.
• B)garnishment.
• C)indenture.
• D)chattel note.

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Definitions:

Writing Technique

The method or style adopted by a writer to communicate their message effectively.

Active

Engaged in action or activity; not passive or idle.

Plain Language

Writing or speaking in a clear, straightforward manner, avoiding complex vocabulary or jargon, to ensure understanding by the widest audience.

Conversational

A style of communication that is informal, interactive, and similar to everyday spoken language.