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What does borrowed money mean?

Updated: 9/25/2023
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Q: What does borrowed money mean?
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What does loan mean?

A thing or money that is borrowed by the bank


The amount of money you borrowed is called the what?

The original amount of money borrowed is known as the principal.


What does money costs of 7 percent mean?

If you borrow a sum of money you will have to pay back 7% more than you borrowed.


What is the term used for all of the money borrowed by the government and the interest on the money that is borrowed?

public debt


What refers to the original amount of money borrowed?

The original amount of money borrowed is known as the principal.


What did Germany do in order to pay its war debt?

borrowed more money


What s loan?

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.


Do you have to pay taxes on money borrowed against paid up life insurance?

Borrowed money is not taxable.


How did lcp get money?

They borrowed the money of your nan.


Word meaning the sum charged for borrowed money?

The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."


What does speculation mean to economist?

Speculation to an economist means making high-risk investments with borrowed money


Do i still have to pay the lien even if i don't want the car?

If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.