A debt which is evidenced by a note which specfies the principal amount, interest rate , and date of repayment is loan.
Given that the debt evidences a note which specifies the principal amount, interest rate, and date of repayment.
We are required to find the term which has meaning that debt evidences a note which specifies the principal amount, interest rate, and date of repayment.
The term which is correct in saying that debt evidences a note which specifies the principal amount, interest rate, and date of repayment is basically loan.
A loan is basically the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc.
Hence a debt which is evidenced by a note which specfies the principal amount, interest rate , and date of repayment is loan.
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