Weegy: A consignment loan is the term for a loan with a cosigner.
User: Malik's grandfather has loaned him $110,000 toward opening a restaurant and has told Malik that the loan is interest-free. Why might this be a problem?
Weegy: Malik's grandfather has loaned him $110,000 toward opening a restaurant and has told Malik that the loan is interest-free. This might be a problem because IRS requires all loans over $100,000 be at market rate interest. [ ]
User: The "Four C's of Credit" are
Weegy: The five Cs of credit are:
-Character
-Capacity
-Capital
-Collateral
-Conditions
User: With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the life of the loan. The principal is then paid on the date that the loan is due.
Weegy: With a balloon loan, the full amount of the load is received when the contract is signed, but only the interest is paid over the life of the loan. The principal is then paid on the date that the loan is due. [ ]
User: Investors who put their own money into a startup are known as
Weegy: Investors who put their own money into a startup are known as angel investors.
User: Which of the following is a potential danger of offering common stock to investors?
Weegy: The potential danger of offering common stock to investors would be if an investor gets enough common shares, the investor can take control of the company.
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