0
What else can I help you with?
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.
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is the amount of money you will have to pay back in addition to the money you borrowed?
Interest
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.
Is the original amount deposited or borrowed?
The original amount deposited is referred to as the principal in a savings context, while in a borrowing scenario, it is the amount borrowed from a lender. In both cases, the principal is the base amount on which interest is calculated. Therefore, whether it is deposited or borrowed depends on the financial context in which the term is used.
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
What is principle amount?
The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)
What refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
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.
What is amount of money borrowed or saved?
principal
What is the amount of money borrowed or saved?
principal
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is the amount of money you will have to pay back in addition to the money you borrowed?
Interest
The initial amount of money borrowed or saved?
principal
