A document specifying the terms and conditions of a loan, including the amount, interest rate, and repayment schedule is called a(n):

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A promissory note is a document that specifies the terms and conditions of a loan, including the amount, interest rate, and repayment schedule. It represents a legal promise to repay the borrowed funds according to the agreed terms. The other options are not typically used to document loans. Factoring agreements are used to sell accounts receivable, commercial paper agreements are used to issue short-term debt securities, trade credit notes are used in trade finance, and unsecured notes are not tied to a specific loan agreement.

A Document Specifying the Terms and Conditions of a Loan