A ______ is the document that specifies the terms and conditions of a bank loan, including the amount, interest rate, and repayment schedule.

Question

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A promissory note is a legally binding document that outlines the terms and conditions of a loan, including the amount borrowed, interest rate, and repayment schedule. It is signed by the borrower and serves as a written promise to pay back the loan according to the agreed-upon terms.

A ______ Is the Document That Specifies the Terms and Conditions