Promissory notes that require the issuer to make a series of payments consisting of both interest and principal are:
A) Debentures.
B) Discounted notes.
C) Installment notes.
D) Indentures.
E) Investment notes.

Question

Quizplus · Accepted Answer

Installment notes require the issuer to make a series of payments consisting of both interest and principal. Debentures are long-term bonds issued without collateral, discounted notes are sold at a discount to face value, indentures are legal agreements between the issuer and bondholders, and there is no financial instrument called an investment note.

Promissory Notes That Require the Issuer to Make a Series