What is a "take out" loan?

a. a short term interim loan
b. a short term construction loan
c. a long term loan taken out after construction
d. a long term construction loan

Ans: c. a long term loan taken out after construction

Business

You might also like to view...

Many hotels have neglected a potentially profitable market by not promoting guest/companion attendance at meetings. Which of the following statements about activities offered for guests/companions is true?

What will be an ideal response?

Business

Community attitudes, zoning restrictions, and quality of labor force are likely to be considered in which of the following location decision methods?

A) transportation method B) locational cost-volume analysis C) center-of-gravity method D) simulation E) factor-rating method

Business