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What does a self-liquidating bank loan mean?

tetleyelmo

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Posts: 662

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7 years ago

What does a self-liquidating bank loan mean?

What does a self-liquidating bank loan mean?
A) The loan pays of itself.
B) The loan is received in cash only.
C) The loan is used to purchase assets that are worth more than the loan.
D) The loan is used to finance an asset that will pay off the loans.

Textbook

Corporate Finance Online

Corporate Finance Online

Edition: 1^st

Authors: Eakins, McNally

Read 189 times

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Blimp

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7 years ago

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Pol. Sci. Major
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