It should have an accounting for how much was borrowed and how much is being repaid. Any time you borrow money, it is best to have the entire loan in writing.
Use the memo line on the check for explanation of payment or definitely get a receipt for payment
how do we get copy of money order from usps without a receipt? We Lost our receipt
The original amount of money borrowed is known as the principal.
I BORROWED a pen from Dylan
public debt
borrowed more money
The original amount of money borrowed is known as the principal.
A Loan is to borrow something as in money and in the future you give the amount of money that you borrowed to the person that you borrowed the money from.
Borrowed money is not taxable.
They borrowed the money of your nan.
The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."
4 types of money... Commodity money, Receipt money, Fractional money, Fiat money