A Capital Sum of Money Due as a Debt or Used

question 67

Multiple Choice

A capital sum of money due as a debt or used as a fund for which interest is either charged or paid is called

• A) disbursement.
• B) reconciliation.
• C) principal.
• D) holder.

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Definitions:

Shareholder Rights

The entitlements and protections granted to individuals or entities that own shares in a corporation, including voting on corporate matters.

Subchapter S Corporation

A type of corporation created through an IRS tax election to pass corporate income, losses, deductions, and credits through to shareholders for federal tax purposes.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them a right to a portion of the corporation's profits and assets.

Constitution

The core rules or established traditions that govern how a state or any other organization is managed.