Question on: SS2 Accounting - Loan Capital: Terminologies Used
What are covenants in loan capital?
View related lesson
A
The original amount of money that a company borrows
B
The frequency and amount of each payment that the borrower must make to repay the loan
C
Terms and conditions that the lender imposes on the borrower to ensure repayment
Ask EduPadi AI for a detailed answer
Correct Option: C
Add your answer
Please share this, thanks!
No responses