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The U.S. Rule is a method that allows the borrower to receive proper interest credit when a debt is paid off in

more than one payment before the maturity date.
True or False
True
False

1 Answer

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Final answer:

The U.S. Rule is a method used in business finance that allows borrowers to receive proper interest credit when a debt is paid off in more than one payment before the maturity date.


Step-by-step explanation:

The U.S. Rule is a method used in business finance that allows borrowers to receive proper interest credit when a debt is paid off in more than one payment before the maturity date. It ensures that the borrower is not penalized for early repayment by giving them credit for the interest that would have accrued until the maturity date.


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