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Virty [35]
3 years ago
11

Which of the following terms refers to a promise made to lenders by a borrower?

Advanced Placement (AP)
2 answers:
AveGali [126]3 years ago
6 0

covenant : promise made by the borrower to the lender


Stella [2.4K]3 years ago
4 0

Answer:

Covenant

Explanation:

Record refers to data or documents that are stored for later reference.

Covenant is an agreement in which the borrower accepts a condition or that some actions are forbidden.

Bargain is a negotiation in which the parties agree on the terms of a purchase.

Investiture is a formal act in which a person receives a rank.

According to this, the term that refers to a promise made to lenders by a borrower is covenant.

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