________ do not have a schedule for the periodic payments that the individual borrower must make and requires that the borrower make a minimum periodic payment.

Question

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Nonamortizing assets, such as credit cards or lines of credit, typically do not have a set schedule for the borrower to pay back the loan. Instead, the borrower is required to make a minimum payment each period, which may not be enough to fully pay off the balance. Amortizing liabilities, on the other hand, have a set schedule for payments that includes both principal and interest, which allows the borrower to fully pay off the loan by the end of the term. Amortizing assets are similar to amortizing liabilities in that they also have a set payment schedule. Securitized liabilities are not related to payment schedules, but rather refer to debt that has been packaged and sold to investors as securities.

________ Do Not Have a Schedule for the Periodic Payments