alleryA business loan with a maturity longer than one year is a:
ATrust loan
BTrade loan
CTerm loan
DTrial loan
Answer & Solution
Correct answer: C. Term loan
1. It may be secured or unsecured.
2. The maturity is what marks it.
3. It is a term loan.
_Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
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