If payment is made on the average due date it results in ________________.

loss of interest to the creditor

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loss of interest to the debtor

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no loss of interest to either of them

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loss of interest to both the creditor and debtor

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Solution

The correct option is C no loss of interest to either of them
Average due date is defined as the mean date on which one payment may be made against the several payments due on different dates without having a loss of interest to either party.

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If payment is made on the average due date it results in ________________.

The correct option is C no loss of interest to either of themAverage due date is defined as the mean date on which one payment may be made against the several payments due on different dates without having a loss of interest to either party.

The correct option is C no loss of interest to either of them
Average due date is defined as the mean date on which one payment may be made against the several payments due on different dates without having a loss of interest to either party.