While short-term notes are generally repayable in full at maturity, most long-term notes are repayable in a series of periodic payments called instalments.

Question

Firdausa Imtinani · Accepted Answer

Final Answer : True, Explanation :  Long-term notes are often structured to be repaid in periodic installments over their term, rather than in a single lump sum at maturity, which is more typical of short-term notes.

While short-term notes are generally repayable in full at maturity, most long-term notes are repayable in a series of periodic payments called instalments.

Definitions

Learning Objectives

Learning Objectives

Related questions