Ask Question
4 February, 13:10

Which of the following terms refers to a promise made to lenders by a borrower?

Question options:

Record

Covenant

Bargain

Investiture

+3
Answers (2)
  1. 4 February, 14:03
    0
    Covenant

    Explanation:

    Record refers to data or documents that are stored for later reference.

    Covenant is an agreement in which the borrower accepts a condition or that some actions are forbidden.

    Bargain is a negotiation in which the parties agree on the terms of a purchase.

    Investiture is a formal act in which a person receives a rank.

    According to this, the term that refers to a promise made to lenders by a borrower is covenant.
  2. 4 February, 14:26
    0
    covenant : promise made by the borrower to the lender
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following terms refers to a promise made to lenders by a borrower? Question options: Record Covenant Bargain Investiture ...” in 📘 Advanced Placement (AP) if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers