A bank loan is a(n) ___ to the borrower and a(n)____ to the bank. a. asset;liability b. asset; asset c. liability; liability d. liability; asset | Homework.Study.com (2024)

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Question: Term Loan: Answer and Explanation:

Question:

A bank loan is a(n) _ to the borrower and a(n) to the bank.

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a. asset;liability

b. asset; asset

c. liability; liability

See Also
Instrument: Definition in Finance, Economics, and Law

d. liability; asset

Term Loan:

A term loan is the name given to a bank loan. It is generally used to refer to business or corporate loans. The word 'term' indicates that the loan is medium or long-term in nature. The bank sets the interest rate and the borrower pays the term loan back along with the stated rate of interest. Unlike bonds, term loans are not marketable securities, however, the loan agreement may be with a syndicate of banks.

Answer and Explanation:

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A bank loan is a(n) ___ to the borrower and a(n)____ to the bank. a. asset;liability b. asset; asset c. liability; liability d. liability; asset | Homework.Study.com (2024)
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