An unconditional written promise to pay a sum of money to another is a draft.

A seniority list is a company list used to identify employees in a bargaining unit according to their length of continuous employment

Indicate whether the statement is true or false

The monthly interest on your mortgage was $690; you paid $650 . The result is

a. growing equity. b. negative amortization. c. fixed interest expense. d. shrinking principal. e. indexed equity.