A Loan Whose Principal Is Not Due to Be Paid

question 158

Multiple Choice

A loan whose principal is not due to be paid back until the loan's term ends and in which only interest is paid periodically during the life of the loan is called a (or an) :

• A)working capital loan.
• B)project loan.
• C)bullet loan.
• D)interim construction loan.
• E)None of the options is correct.

---

Definitions:

Colonize

The act of establishing control over a foreign territory and its people for the purpose of economic exploitation, cultural assimilation, or territorial expansion.

Americas

A geographic term referring to the combined landmass of North America, South America, and the associated islands, often used in the context of historical and cultural studies.

Racial Worldview

An outlook or perspective shaped significantly by one's beliefs and attitudes towards race and racial groups.

Catalyst

An agent or event that precipitates or significantly speeds up a change or action.