The Difference Between Mortgages Payable and Notes Payable Is That

question 137

True/False

The difference between mortgages payable and notes payable is that notes payable are always secured by specific assets.

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Definitions:

Costly

Involving great expense; something that requires a high amount of money or resources.

Specific Firm

Refers to a particular company or business entity mentioned or focused upon in a discussion.

Intelligent Enterprise

A business that leverages the latest technologies and data insights to improve decision-making, operations, and customer experiences.

Data Technology

The use of technologies and techniques to acquire, store, process, and analyze data for the purpose of generating information to support decision-making.