A discount loan is a loan on which interest is paid in advance by deducting it from the loan so that the borrower actually receives less money than is requested.
Correct Answer:
Verified
Q49: Self-liquidating loans are mainly invested in productive
Q50: The interest rate on a line of
Q51: An increment above the prime rate on
Q52: A revolving credit agreement is a form
Q53: The major attraction of a line of
Q55: Under a line of credit agreement, a
Q56: A single-payment note is a secured fund
Q57: Compensating balance is a checking account balance
Q58: Although more expensive than a line of
Q59: The prime rate of interest fluctuates with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents