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You borrow money and must pay back in full plus interest.
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∙ 11y ago
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What is the meaning of principle on a loan?
The base amount of the loan - not including interest That is the principal of the loan not the principle
What does accepted in principle mean on a loan?
intrest
Is the base amount of a loan the principle or the principal?
The principal.
What is the definition of 'loan repricing'?
When a loan matures, the principle of the loan is repaid and lent at a potentially new rate, hence the term "repricing."
What is the amount of a loan before adding interest and fees?
The Principle.
What is the meaning of principle on a loan?
The base amount of the loan - not including interest That is the principal of the loan not the principle
What does accepted in principle mean on a loan?
intrest
Is the base amount of a loan the principle or the principal?
The principal.
What is the definition of 'loan repricing'?
When a loan matures, the principle of the loan is repaid and lent at a potentially new rate, hence the term "repricing."
What is the amount of a loan before adding interest and fees?
The Principle.
The amount of a loan is called the what?
The main loan amount is called the principle. The amount charged monthly for the loan 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.
Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
What following refers to the original amount of money that has borrowed on the loan?
principle
What does an amortization table show?
``````````The principle and interest being paid on a loan`````````
The is the original amount owed on a loan A Loan due B Interest C Available balance D Principle?
D
What is an interest free deal?
You only pay back principle-loan is free.
