Promissory notes that require the issuer to make a series of payments consisting of both interest and principal are:
A) Investment notes.
B) Debentures.
C) Indentures.
D) Installment notes.
E) Discounted notes.

Question

Quizplus · Accepted Answer

Installment notes are promissory notes that require the issuer to make a series of payments consisting of both interest and principal. Investment notes typically refer to short-term debt securities issued by corporations, while debentures are long-term debt securities that do not have specific collateral attached to them. Indentures refer to the legal documents that define the terms and conditions of a bond issue, and discounted notes are notes that are sold at a discount to their face value.

Promissory Notes That Require the Issuer to Make a Series