Question

in terms of a loan contractually means you _____. . A.can pay the loan when you have the money available. . B.owe a debt and the lender can ask for repayment at any time. C. agree to the terms of the loan and are obligated to pay according to those terms . D.are indebted. .

Answer 1

In terms of a loan contractually means you agree to the terms of the loan and are obligated to pay according to those terms. The correct option among all the options that are given in the question is the third option or option "C". I hope that the answer has come to your help.

Answer 2

To loan contractually means to loan with a signed agreement between the borrower and the lender. The borrower promises to pay the loan according to the payment schedule written in the agreement. So, the best answer for the question above is C: Agree to the terms of the loan and are obligated to pay according to those terms.