2018·09·12
Loans and Instrument Like Loans
Loans and Instrument Like LoansThe primary characteristics of a loan include: (i) it is a debt, not a stock; (ii) the pricing instrument of a loan is the interest rate; (iii) a note is usually the evidence of indebtedness; (iv) the most important information regarding a loan are the principal amount, interest rate, and date of repayment.Traditionally, there are four loan facilities: demand loans, term loans, revolvi...