Loans advanced for purchasing sprinkler system may be termed as ____

✅Explanation:
A partial liquidating loan refers to a loan that is repaid in installments over time, with the repayments covering only a portion of the loan's principal and interest. Such loans are often used for agricultural or equipment purposes where the asset financed generates revenue over time, allowing for periodic repayments.

• Explanation of 📌Other Options:
-Self-liquidating loans: These are loans that are repaid through the normal course of business operations. The proceeds from the asset or inventory purchased with the loan are used to repay it.
-Hypothecation: This involves pledging an asset as collateral to secure a loan without giving up possession of the asset.

🟠 Related Terminologies:
-Principal amount: The original sum of money borrowed in a loan.
-Interest: The cost of borrowing money, typically expressed as a percentage of the principal.
-Collateral: An asset pledged by a borrower to secure a loan and subject to seizure if the loan is not repaid.
-Installment: A part of a loan or debt that is paid back at intervals, usually monthly.
-Revenue: The income generated from normal business operations and activities.