Question: One - time loans for a specific purpose and a specific amount paid back in a specified period of time is _ _ _ _

One-time loans for a specific purpose and a specific amount paid back in a specified period of time is ________.
A.
Home equity line of credit
B.
Line of credit
C.
Open-end credit
D.
Closed-end credit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

New Century 2 pgs Discuss the story of Countrywide, an organization that was also a big player in the subprime market. How does Countrywide compare to New Century, particularly in time frame and...

Q:

New Century 2 pgs Discuss the story of Countrywide, an organization that was also a big player in the subprime market. How does Countrywide compare to New Century, particularly in time frame and...

Q:

New Century 2 pgs Discuss the story of Countrywide, an organization that was also a big player in the subprime market. How does Countrywide compare to New Century, particularly in time frame and...

Q:

When taking out a mortgage loan, you may be offered "points"(also called "discount points. This is an additional fee on a mortgage loan usually for getting a lower APR. The consumer pays points when...

Q:

Great Adventures Problem AP5-1 (GL) Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for example, Boy Scouts, church groups,...

Q:

Owen Examples 8.2% is turned into 1) Mortgage Points: When taking out a mortgage loan, you may be offered "points"(also called "discount points. This is an additional fee on a mortgage loan usually...

Q:

CHAPTER 6-INTO BOND AND SHARE ESSAY- FOCUS WHY PEOPLE WANT TO INVEST IN BOND (25 MARKS) ELEMENTARY OF FINANCE CHAPTER SIX INTRODUCTION TO SHARES AND BOND INTRODUCTION . Corporation and govemments...

Q:

Loans allow consumers to borrow money for items they need. Many of you have already taken out loans for college, vehicles, businesses, or homes. Include in your main post: If you have had one,...

Q:

Part 1: Mortgage A mortgage is a loan used to purchase a home. It is usually paid back over a period of 15, 20, or 30 years. The interest rate is determined by the term of the loan (the length of...

Q:

URGENT PLEASE ANSWER THE QUESTION BELOW AND PASTE A COPY OF AN EXCEL LINK TO UNDERSTAND THE ASSIGNMENT BETTER. THIS IS AN INTRODUCTION TO CIVIL ENGINEERING AND WE ARE LEARNING SPREADSHEET...

Q:

Use the information in Practice 3-7 to compute the debt ratio. Assume that the list includes all liability and equity items.

Q:

The three-phase 6/4 VRM of Problem 8.4 has a winding resistance of 0.15/phase and a leakage inductance of 4.5 mH in each phase. Assume that the rotor is rotating at a constant angular velocity of...

Q:

Elevate Research, a marketing communications and strategy consulting firm, is assisting a client in understanding the effects of promotional offers on consumer purchases. Its consultants propose the...

Q:

a=2 b= 0 c= 2 d=0 e=0 f=9 g=3 5. Draw the Network diagram for the following project. Estimate the Earliest start time and Latest finish time for each activity. If every day it cost 200 rials for this...