Term Loans Are Also a Substitute for a Series of Short-Term

question 46

True/False

Term loans are also a substitute for a series of short-term loans made with the hope of renewal by the borrower.

---

Definitions:

Disjunction

A logical operation yielding a true value if at least one of its propositions is true.

Biconditional

A logical relationship between two statements where both or neither are true; often phrased as "if and only if".

Component

A part or element of a larger whole, especially a part of a machine or system.

Disjunct

In logic, an element of a disjunction; a proposition that forms one of the alternatives in a disjunction.