Which One of the Following Terms Is Defined as a Loan

question 45

Multiple Choice

Which one of the following terms is defined as a loan wherein the regular payments,including both interest and principal amounts,are insufficient to retire the entire loan amount,which then must be repaid in one lump sum?

• A)amortized loan
• B)continuing loan
• C)balloon loan
• D)remainder loan
• E)interest-only loan

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Definitions:

Disjunctive Syllogism

A form of logical argument where, from two alternatives, the denial of one implies the affirmation of the other.

Disjunctive Proposition

A logical statement that presents two or more alternatives, where the truth of any one of the alternatives makes the proposition true.

Disjuncts

Individual statements or propositions that, combined by "or" in a logical disjunction, present alternatives.

Maid of Honor

A woman appointed as the chief bridesmaid who assists the bride in her wedding preparations and on her wedding day.