Which Of The Following Is Money Borrowed From A Business Or Investment Which Must Be Repaid Over Time With Interest?
Which Of The Following Is Money Borrowed From A Business Or Investment Which Must Be Repaid Over Time With Interest?
Answer: The term for money borrowed from a business or investment which must be repaid over time with interest is typically referred to as a “loan.” Loans can be obtained from various sources such as banks, financial institutions, or even private lenders. When an individual or a business entity borrows money, they are required to repay the initial amount borrowed (the principal) along with an additional amount as interest within an agreed-upon timeframe. Loans serve as a common financial tool for individuals and businesses to access funds for various purposes such as purchasing a home, starting a business, or covering unexpected expenses. The repayment terms, interest rates, and other conditions of a loan can vary depending on the lender and the type of loan obtained.