Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter.
a. An interest-bearing checking account available to individuals and nonprofit associations.
b. Liabilities of a borrowing customer (other than home mortgages) that are retired in two or more consecutive payments.
c. A loan normally paid off in a lump sum rather than in a series of installment payments.

Question

Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter.
a. An interest-bearing checking account available to individuals and nonprofit associations. 
b. Liabilities of a borrowing customer (other than home mortgages) that are retired in two or more consecutive payments. 
c. A loan normally paid off in a lump sum rather than in a series of installment payments.

Quizplus · Accepted Answer

The Answer of Using the the description or the definition below, identify each of the key terms and concepts presented in this chapter.
a. An interest-bearing checking account available to individuals and nonprofit associations. 
b. Liabilities of a borrowing customer (other than home mortgages) that are retired in two or more consecutive payments. 
c. A loan normally paid off in a lump sum rather than in a series of installment payments.

Using the The Description or the Definition Below, Identify Each