0
What else can I help you with?
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What is the the price paid to borrow money called?
The price paid to borrow money is called interest. It is usually expressed as a percentage of the amount borrowed, known as the principal, and can be calculated on a periodic basis, such as annually or monthly. Interest compensates the lender for the risk of lending and the opportunity cost of not using the money for other purposes.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
What is the amount of money borrowed or deposited called?
The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.
What is borrowed money that you pay back at a regular interval called?
Borrowed money that you pay back at regular intervals is called a loan. Loans typically involve a principal amount, which is the initial sum borrowed, and interest, which is the cost of borrowing that amount. Borrowers agree to a repayment schedule, which outlines the frequency and amount of payments until the loan is fully repaid.
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.
What is the the price paid to borrow money called?
The price paid to borrow money is called interest. It is usually expressed as a percentage of the amount borrowed, known as the principal, and can be calculated on a periodic basis, such as annually or monthly. Interest compensates the lender for the risk of lending and the opportunity cost of not using the money for other purposes.
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 is the total amount borrowed called?
The total amount borrowed is referred to as the "principal." This is the initial sum of money that a borrower receives from a lender, which must be repaid, usually along with interest, over the term of the loan. Understanding the principal is crucial for borrowers as it determines the basis for interest calculations and repayment obligations.
What is the amount of money borrowed or deposited called?
The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.
What is borrowed money that you pay back at a regular interval called?
Borrowed money that you pay back at regular intervals is called a loan. Loans typically involve a principal amount, which is the initial sum borrowed, and interest, which is the cost of borrowing that amount. Borrowers agree to a repayment schedule, which outlines the frequency and amount of payments until the loan is fully repaid.
What is the term used for an amount of money borrowed by the government and the interest on the money that is borrowed?
The term used for an amount of money borrowed by the government, along with the interest on that borrowed amount, is called "public debt" or "national debt." This debt arises when a government finances its expenditures by issuing securities, such as bonds, to investors. The interest paid on these securities represents the cost of borrowing.
What word means money paid for a loan?
That is called interest, the main loan amount that you borrowed is called the principle.
