首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Term loans are designed to fund long-and-medium-term business investments, such as the purchase of equipment or the construction
Term loans are designed to fund long-and-medium-term business investments, such as the purchase of equipment or the construction
admin
2013-12-25
33
问题
Term loans are designed to fund long-and-medium-term business investments, such as the purchase of equipment or the construction of physical facilities, covering a period longer than one year. Usually the borrowing firm applies for a lump-sum loan based on the budgeted cost of its proposed project and then pledges to meet the scheduled repayment in a series of installments(often payments are made every quarter or even monthly). Thus, term loans look to the flow of future earnings of the business firm to amortize and retire the credit. The schedule of installment payments is usually structured with the borrower’ s normal cycle of cash inflows and outflows firmly in mind. For example, there may be’ blind spots’ built into the repayment schedule, so there will be no installment payments due at those times of the year when the customer is short of cash. However, these payment must be made up later, when cash is more abundant. Some term loan agreements do not call for repayment of loan principal until the end of the loan period, for example, in a ’ bullet loan’ , only interest is paid periodically, with the full principal due when the loan matures. Term loans normally are secured by fixed assets(e. g. premises, equipment, furniture and fixtures)owned by the borrower and may carry either a fixed or floating interest rate. That rate normally is higher than on short-term business loans, due to the greater risk exposure to the bank from such loans. Certainly the probability of default or other adverse changes in the borrower’ s position is greater over the course of a long-term loan.
Usually the borrowing firm of term loans promises to repay______.
选项
A、the principal and interest until the end of the loan period
B、the principal and interest at the end of the loan period
C、the loan in a series of installments
D、at any time when cash is more abundant
答案
C
解析
第一段第二句后半句...and then pledges to meet the scheduled repayment in a series ofinstallments(often payments are made every quarter or even monthly),意指借款企业向银行保证分期还款,通常是按月或者按季度分期还款。Installment分期还款。
转载请注明原文地址:https://kaotiyun.com/show/yFid777K
本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
0
FECT综合(现代金融业务)
金融英语(FECT)
相关试题推荐
A、Westartat2:00a.m.B、Usuallywestartat6:30p.m.C、Westartat12:00atnoon.B
Thearticle______onthissubjectwaswrittenbyMr.Black.
Manypeoplebelievetheyshoulddrinkeightglassesofwateraday.Thatis【C1】______theyhavebeentoldalltheirlife.【C2】___
A、No,youcanuseyourcreditcard.B、Yes,youcanuseyourcreditcard.C、Yes,youcannotuseyourcreditcard.B
Weight(体重)isoneofthetaboosubjects.InAmerica,itisOK,orevengood,tobethinbutitisanembarrassment(尴尬)tobeov
Mr.andMrs.RajahHassimweregoingtoeatout.Mr.Hassimtelephonedinthemorningandreserved(预定)atableinSpringRestau
Ifthereisadepositof$20billionofnewcurrencyintothebankingsystem,excessreserveswillincreaseby______.
Commonstockholdersgetafixeddividendandtheyareentitledtoitbeforepreferredstockholdersreceiveanydividend.
A、13daysB、30daysC、33daysD、23daysB录音原文提到Adraftcanbemadepayablein,say,30daysafteritispresentedtothebankaga
随机试题
在统计检验中,大样本是指n()
患者,女,22岁。因牙齿松动拔除牙齿,拔牙后1小时将压迫的纱卷吐出,当即发现牙槽窝出血常见的原因是
A.外观黄、混浊、粘蛋白凝块脆B.黄,乳状,粘蛋白凝块脆C.草黄、清亮,粘蛋白凝块坚硬D.血性或清亮,粘蛋白凝块坚硬E.外观灰、绿、色暗,粘蛋白凝块脆
A、NK细胞B、肥大细胞C、B淋巴细胞D、浆细胞E、细胞毒性T细胞能分泌抗体的细胞是
汇票到期日前,有()情形之一的,持票人可以行使追索权。
财政政策手段不包括()。
甲公司是一家上市公司,发放上年现金股利2.5元/股,目前每股市价60元。有分析师预测,甲公司未来股利增长率是8%,等风险投资的必要报酬率是12%,在市场发布两种以甲公司股票为标的资产的期权,欧式看涨期权和欧式看跌期权。每份看涨期权可买入一份股票,每份看跌期
少先队教育活动的第一原则是()。
领导让你和老员工去检查某企业,你是负责人,你有了新思路,但老员工坚持老原则,如果不按老员工的旧思路,他就不配合你,你怎么办?
随着新能源汽车市场快速发展,动力电池需求不断增长,多家上市公司加快布局固态锂电池领域。下列关于电池的说法错误的是:
最新回复
(
0
)