A term loan is usually characterized by
A) a maturity of one to seven years.
B) a variable interest rate.
C) monthly or quarterly installment payments.
D) all of these options are true.

Question

Quizplus · Accepted Answer

A term loan is typically a loan that has a specified repayment term, usually ranging from one to seven years. It can have a fixed or variable interest rate and typically requires monthly or quarterly payments in installments. Therefore, all of the options given (A, B, and C) are true when describing a term loan.

A Term Loan Is Usually Characterized by