12-month term, often used in short-term financing, loan agreements, or lease arrangements, signifies a contractual period in which repayment or fulfillment of an obligation is expected to be completed within one year. Within the framework of a subtest or assessment module, the inclusion of a 12-month term provides an ideal scenario for evaluating a participant’s understanding of short-term financial planning, cash flow management, and interest accrual over a limited period. This term length is particularly relevant for testing knowledge of amortization schedules,