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The Repayment of the Principal of Installment Loans Is Made

question 74

True/False

The repayment of the principal of installment loans is made in a lump sum,and the repayment period of installment loans is six to twelve months.


Definitions:

Debentures

A type of debt instrument not secured by physical assets or collateral but backed only by the general creditworthiness and reputation of the issuer.

Unsecured Debt

Unsecured debt refers to loans or credits not backed by collateral, meaning the lender relies on the borrower's promise to pay back the debt.

Securities

Financial instruments that represent ownership positions, debts, or rights to ownership, such as stocks, bonds, and options.

De Jure

Pertaining to law or legal situations, often used to describe something that is legally recognized or established by law.

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