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To teach a tiger to jump through a flaming hoop,the tiger is first reinforced for jumping up on a certain pedestal,then for leaping from that pedestal to another.Next,the tiger has to jump through a hoop between the pedestals to get the reward.Finally,the hoop is set afire and the tiger must jump through it to get the reward.This is an example of __________ .
Interest-Bearing Note
A debt instrument in which the borrower promises to pay the lender a fixed amount of interest in addition to repaying the principal.
60-Day Note
Definition: A financial instrument, or promissory note, that requires the borrower to pay back the principal balance along with any interest in 60 days.
Maturity Value
The total amount payable to an investor at the end of a debt security's life, including both the principal and any accrued interest.
Interest Rate
The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.
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