Question: What is an immediate payment loan? A long - term note issued by a borrower to a lender, typically for the parpose of financing a
What is an immediate payment loan?
A longterm note issued by a borrower to a lender, typically for the parpose of financing a large project.
The portion of a loan that refers to the amount borrowed.
When the loan payment begins more than one interest period after receipt of the principal.
When the loan payment begins one interest period after receipt of the principal.
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