Promissory notes that require the borrower to make a series of periodic payments consisting of interest and principal are
A)Debentures
B)Simple notes
C)Installment notes
D)Indentures
E)Investment notes

Question

Quizplus · Accepted Answer

Installment notes require the borrower to make a series of periodic payments consisting of both interest and principal, usually over a set period of time. Debentures are unsecured bonds issued by a company, simple notes only require a lump sum payment, indentures are written agreements between the issuer and bondholders that outline the terms of the bond, and investment notes is not a commonly used term in finance.

Promissory Notes That Require the Borrower to Make a Series