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24 October, 02:13

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)
  1. 24 October, 02:21
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    Answer:bond
  2. 24 October, 02:40
    0
    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.
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