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Loans & Lending Practices MCQs

What does the term "Covenant" mean?

A bond coupon payment

The principal portion of a loan

The monthly payment on a loan

An agreement or promise to do or not to do a particular thing related to a loan

Answer

Correct Answer: An agreement or promise to do or not to do a particular thing related to a loan

Explanation:

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More Loans & Lending Practices MCQ Questions

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