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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 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 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.


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-


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.


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

tarrifs


Can you explain how a gift loan works and how it differs from a traditional loan?

A gift loan is when someone gives you money without expecting you to pay it back, while a traditional loan is money you borrow and must repay with interest. With a gift loan, there is no obligation to repay, but with a traditional loan, you must repay the borrowed amount plus interest over time.


Put the word repay in a sentence?

'If you loan me this money, I swear I'll repay you, with interest!' he begged desperatelyYou saved my life! How can I ever repay you?You committed a crime Mr. Johnson, now you must repay your debt to society. I sentence you to 12 months imprisonment.