answersLogoWhite

0

A continuous loan is one which has no predefined end date. The loan is constantly being paid into, extended, and changed based on the needs of the consumer or business.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Is a loan amount a continuous variable?

Ask Connor Linham 07714793620


Is installment credit a continuous loan the borrower must repay?

An installment loan is a loan that is established for a set time frame where the borrower makes consistent payments until the note (loan) is paid in full at the end of the term. A car loan is an example of an installment loan. The loan only continues for the set term (length) and you only make payments during that time frame. At the end of the term, the loan is paid in full.


Who qualifies for a bank loan?

Any individual who satisfies the following conditions would qualify for a bank loan. They are:Have a valid Identity ProofHave a valid Address ProofHave a valid Employment or Source of IncomeHave a continuous history of regular salary payment into his/her bank accountHave no history of defaults or missing payments to previous loans


What is the signal type is characterized by continuous amplitudes in continuous time?

An analog signal is characterized by continuous amplitudes and continuous time.


What are the Example of past future perfect continuous tense?

Present continuous: He is driving. Past continuous: He was driving. Future continuous: He will be driving. Present perfect continuous: He has been driving. Past perfect continuous: He had been driving. Future perfect continuous: He will have been driving.


What tense is the word coordinating?

This form of the verb can be used in more tenses: present participle, present continuous, past continuous, past perfect continuous, future perfect continuous, future continuous, present perfect continuous.


Is depth continuous or discrete?

Continuous


Is length discrete or continuous?

Continuous.


Is pH discrete or continuous?

Continuous


What is a continuous process?

What is a continuous process


Is a cosine function continuous?

Yes. The cosine function is continuous. The sine function is also continuous. The tangent function, however, is not continuous.


Is time discrete or continuous?

Continuous. Discrete variables are only expressed as integer values, whereas continuous is, as its name suggests, continuous.