answersLogoWhite

0

That is called interest, the main loan amount that you borrowed is called the principle.

User Avatar

Wiki User

9y ago

What else can I help you with?

Continue Learning about Finance

What word means to ask the bank to advance money?

Loan


How do you word a loan contract to a family member?

Don't loan money to a family member. If they can't get a loan at a lending instituion, that means trouble. You have to be willing to give the money to them now, instead of losing it to them later. Giving them money with no strings attached will prevent family fall out which is sure to come. " You loaned so and so money, why don't you loan me money too?" Now, you're in deep duu. Be wise!


What happens if you have not paid your car loan in four months but then you plan on paying the fours months plus late fees in full can they still repossess?

Of Course, they are going to get more money selling the car than that 4 months. Your word means nothing to them, you have to show up with the money and pay, or they are going to repossess. I had my car loan check stolen out of the mail, they were still going to possess even though all of the money in my bank account was gone, they even told me they were following me to take the car (lie) I had to wait until I got paid to pay them.


What word means money left over after expenses are paid?

The word for money left over after expenses are paid is "profit." Profit represents the financial gain that remains after all costs associated with generating revenue have been deducted. It can also be referred to as net income or net earnings in a business context.


What is the meaning of the word vig in relation to loan sharks?

vigorishInterest, especially excessive interest, paid to a moneylender.

Related Questions

What word means to ask the bank to advance money?

Loan


What word means money paid for war damages?

Reparations


What word means wages or money paid to a person has 8 letters and the seventh letter is a g?

Earnings means salary, wages, or money paid to a person.


What word means Money paid for services performed?

Remuneration


What is another word that means the amount of money to be paid?

Reparations (thank you, history class)


What is the word for money paid monthly on a property bought?

A property that is bought by means of monthly payments is said to be paid by installments.


What word means monies paid in compensation for loss or injury?

The common term is "damages" or money damages".


What word means wages or money paid to a person and this word has 7 letters and the third letter is r and the fith letter is e what is the word?

cilvilation


How do you word a loan contract to a family member?

Don't loan money to a family member. If they can't get a loan at a lending instituion, that means trouble. You have to be willing to give the money to them now, instead of losing it to them later. Giving them money with no strings attached will prevent family fall out which is sure to come. " You loaned so and so money, why don't you loan me money too?" Now, you're in deep duu. Be wise!


What is the word for money to be paid on the last bill?

paid-full


What is a word that means owing?

debted loan


What does the word advance mean?

Advance means to move forward, or to loan money in advance contingent upon the person borrowing it coming into money at some point, usually specified.