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What is a written promise to repay?

A written promise to repay is called a promissory note. It is a legal document where one party (the borrower) agrees to repay a specific amount of money to another party (the lender) according to agreed-upon terms and conditions.


Receiving money to buy goods and services with the promise to repay in the future?

Credit


What Paper notes bought by an individual backed by a promise by the government to repay the money with interest after a certain period of time are called?

Paper notes bought by an individual that are backed by a promise from the government to repay the money with interest after a certain period of time are called government bonds. These bonds are a form of debt security, where the government borrows funds from investors for various purposes, such as financing public projects or managing national debt. Investors receive periodic interest payments and the principal amount back at maturity.


What does it mean to owe somebody money?

To owe somebody money means that you have a financial obligation to repay a specific amount to that person or entity. This can arise from borrowing funds, purchasing goods or services on credit, or other financial arrangements. The obligation typically involves a promise to repay the amount, often by a certain date, and may entail interest or fees depending on the terms agreed upon. Failing to repay what is owed can lead to legal consequences or damage to one's creditworthiness.


What is a written promise issued by a corporation to repay borrowed money at a later date?

It is called a proxy


Is the amount charged for use of bank's money is called interest?

Yes. The amount a bank charges you for using their money is called an interest. This facility wherein you get to use the banks money and repay them is called a Loan. The bank grants you a fixed amount as loan and you repay them every month along with an interest.


What is a formal contract to repay borrowed money with interest at fixed intervals?

it is A for e2020 students!


What is a paper note that promise to repay money in a certain length of time?

Bond -yee i did it myself lol-


What is the difference between debt and loan?

Debt is money owed by one party to another, while a loan is a specific type of debt where one party borrows money from another with an agreement to repay it with interest.


A paper notes promising to repay money after a certain length of time with interest are called?

tarrifs


Do I have to repay this Grant Money for Home Repair?

No you do not have to repay this GRANT Money for HOME REPAIRS? You only have to submit what your repairs are and if they meet the specific needs to qualify for the GRANT.


Which document represents the borrowers promise to repay the loan A) Compliance Agreement B) Note C) Mortgage D) Deed of Trust?

B) Note represents the borrower's promise to repay the loan. It is a legal document that outlines the terms of the loan, including the amount borrowed, interest rate, and repayment schedule. The other options, such as the mortgage and deed of trust, serve to secure the loan against the property but do not represent the borrower's promise to repay.