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

Krista Wolf

Mathematics

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?

+2

Answers (2)

Know the Answer?

Yasmin Fletcher · Answer 1

Answer:bond

Beck · 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?