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A charge for borrowed money usually the percentage of the amount borrowed is called?
Wiki User
∙ 15y ago
That is called "interest"
Wiki User
∙ 15y ago
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The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
What word means money paid for a loan?
That is called interest, the main loan amount that you borrowed is called the principle.
What is the cost of a bank loan called?
Under FHA, the cost of a bank loan is called a MIP, or mortgage insurance premium. Some banks also call this the interest on the loan. A person borrows a certain amount from the bank and then pays a percentage on that money borrowed.
The percentage of the original loan amount that is paid in interest is called?
Rate
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
The amount of money invested or borrowed is called what?
principal
When you apply for a loan at a bank What is the amount borrowed called?
Principal.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
Which term refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What word means money paid for a loan?
That is called interest, the main loan amount that you borrowed is called the principle.
What is the cost of a bank loan called?
Under FHA, the cost of a bank loan is called a MIP, or mortgage insurance premium. Some banks also call this the interest on the loan. A person borrows a certain amount from the bank and then pays a percentage on that money borrowed.
The percentage of the original loan amount that is paid in interest is called?
Rate
What is charges made for using another money?
The charge for illegally using other people's money is embezzlement. It refers to the theft or misappropriation of funds placed in one's trust.
What is borrowed money called?
Debt.
What are books you can't check out of the library called?
Reference books cannot be borrowed from the library - they are to be used within the library only. These books usually include:encyclopediasdictionariesyearbooksatlasesalmanacsbibliographiesdirectorieshandbooksindexes
