The ________ is the face amount of a promissory note.
a. principal
b. None of the answers listed
c. duration
d. maturity value
Ans: a. principal
Business
You might also like to view...
An excess spread account incorporated into a securitized structure is designed to limit:
A. credit risk. B. extension risk. C. Contraction risk.
Business
Assume there are 4 different mortality tables. Of these, the most reliable would be the mortality table covering
A) 10 million lives B) 100,000 lives C) 4 million lives D) 500,000 lives"
Business