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In terms of a loan contractually means you _____. . A.can pay the loan when you have the money available. . B.owe a debt and the lender can ask for repayment at any time. C. agree to the terms of the loan and are obligated to pay according to those terms . D.are indebted. .

Cynthia Baker

in Business

1 answer

1 answer

Samantha Barber on March 22, 2018

To loan contract means a loan with a signed agreement between the borrower and the lender. The borrower agrees to repay the loan in accordance with the payment schedule written in the contract. So, the best answer to the question above is C: According to the terms of the loan and they are required to pay according to the terms.

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