Session Date
Lesson Topic
Personal Loans and Commercial Loans
Lesson Outline
Personal Loans and Commercial Loans: Definitions and examples of Personal Loans and Commercial Loans. Auto loans, mortgages, student/college loans etc. Commercial loans described as larger business loans. Definitions of loan Term, Principal, and Maturity Date. Explanation of "default" on a loan contract and the negative effect it has on Credit Rating etc.
Assignment
Finish questions pp. 215-216 and Read section on loan repayments.
Session Minutes
45
Minutes Student Attended
45
Lesson Comments
During today's session on Personal Loans and Commercial Loans, Colson was very attentive and understood several key terms and concepts presented. These included loan Term, Maturity Date, Principal and Default.
Session Hours
0.75
Hours Attended
0.75
Entry Status
Review Status
Student Name(s)
Subject
School