sarahparah002 sarahparah002
  • 11-01-2019
  • Advanced Placement (AP)
contestada

Which of the following terms refers to a promise made to lenders by a borrower?
Question options:

Record

Covenant

Bargain

Investiture

Respuesta :

kevwang kevwang
  • 24-01-2019

covenant : promise made by the borrower to the lender


Answer Link
majocgonzalez majocgonzalez
  • 02-12-2019

Answer:

Covenant

Explanation:

Record refers to data or documents that are stored for later reference.

Covenant is an agreement in which the borrower accepts a condition or that some actions are forbidden.

Bargain is a negotiation in which the parties agree on the terms of a purchase.

Investiture is a formal act in which a person receives a rank.

According to this, the term that refers to a promise made to lenders by a borrower is covenant.

Answer Link

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