A term loan is usually characterized by
A)a maturity of one to seven years.
B)a variable interest rate.
C)monthly or quarterly installment payments.
D)All of these options

Question

Quizplus · Accepted Answer

A term loan is a type of loan that is repaid in regular payments over a fixed period of time. The maturity of a term loan is typically one to seven years, which means that it must be repaid within this time frame. The interest rate on a term loan can be either fixed or variable, depending on the terms of the loan agreement. Monthly or quarterly installment payments are a common method of repayment for term loans. Therefore, all of these options are characteristics of a term loan.

A Term Loan Is Usually Characterized by