What is the name of a loan that is issued in return for the promise of being

paid back the full amount plus the periodic interest?

Question

Mathematics

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20 March, 05:58

What is the name of a loan that is issued in return for the promise of being

paid back the full amount plus the periodic interest?

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Answers (2)

Know the Answer?

Summer Johnston · Answer 1

Answer:bond

Mischief · Answer 2

Answer: mortgage

Step-by-step explanation: mortgage

Promissory Notes. Homeowners usually think of their mortgage as an obligation to repay the money they borrowed to buy their residence. But actually, it's a promissory note they also sign, as part of the financing process, that represents that promise to pay back the loan, along with the repayment terms.

What is the name of a loan that is issued in return for the promise of beingpaid back the full amount plus the periodic interest?

What is the name of a loan that is issued in return for the promise of being

paid back the full amount plus the periodic interest?