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principle
The original amount of the loan is called principal.
That is called interest, the main loan amount that you borrowed is called the principle.
loan is money borrowed and debt is money owed. :-)
The one who BORROWED the money and/or the on who COSIGNED the loan.
principle
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.
Principal is the amount you borrowed and interest is the money you give them as a 'gift' for letting you loan their money.
The original amount of the loan is called principal.
That is called interest, the main loan amount that you borrowed is called the principle.
loan is money borrowed and debt is money owed. :-)
That would depend on the original principal (the amount you borrowed) and how they compute interest.
A small loan to a friend must be charged relatively to a lower interest rate of about 7% of the money borrowed.
The one who BORROWED the money and/or the on who COSIGNED the loan.
A loan.
A thing or money that is borrowed by the bank
Loan