Question: Term loans often have a _ _ _ _ _ _ _ _ feature, which means that after three to five years, the full amount
Term loans often have a feature, which means that after three to five years, the full amount of principal is due before the amortized payments fully repay the loan.
Question options:
A
parachute
B
handcuff
C
balloon
D
covenant
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
