A Written Pledge by a Borrower to Pay a Certain

question 129

Multiple Choice

A written pledge by a borrower to pay a certain sum of money to a creditor at a specified future date is called

• A) a promissory note.
• B) collateral.
• C) a factor account.
• D) a charge account.
• E) a term loan agreement.

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Definitions:

Endocrine System

A network of glands and organs that produce, store, and release hormones into the bloodstream to control many bodily functions.

Diabetes

A group of metabolic diseases characterized by high blood sugar levels over a prolonged period due to insulin production issues or the body's response to insulin.

Graves' Disease

An autoimmune disorder that leads to overactivity of the thyroid gland (hyperthyroidism), causing symptoms like weight loss, rapid heartbeat, and bulging eyes.

Urinary System

The bodily system responsible for the production, storage, and elimination of urine, including the kidneys, bladder, and urethra.