You sign a contract to pay back all of the interest and principal of a loan at the maturity date.This is an example of a discount loan.

Name: You sign a contract to pay back all of the interest and principal of a loan at the maturity date.This is an example of a discount loan.
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A discount loan is one where the borrower repays the entire principal and interest at the maturity date, rather than making periodic payments.

You Sign a Contract to Pay Back All of the Interest