Question
A clause in a loan contract that restricts the borrower from further borrowing during the term of the loan is an example of a(n): a.
A clause in a loan contract that restricts the borrower from further borrowing during the term of the loan is an example of a(n):
a. guarantee.
b. adverse selection.
c. collateral agreement.
d. negative covenant.
e. positive covenant.
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
