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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.
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The amount of money deposited or borrowed is the?
It is sometimes called the capital.
The amount of money you borrowed is called the what?
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 refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
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.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
The amount of money you borrowed is called the what?
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"
The amount of money invested or borrowed is called what?
principal
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.
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.)
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 refers to the original amount of money borrowed?
The original amount of money borrowed is known as the principal.
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.
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 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.
