Meaning of the word: Consolidation
Debt consolidation is a consolidation of many loans to the one loan. It is convenient for a debtor who has many loans with high interest rate. The financial institution pay for the customer all his loans then repays only one loan with one interest rate, which is usually less than the sum of the previous interest.
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Term deposit
Term deposit is a type of bank account that guarantees the interest rate of the deposit the client. It is concluded for a specified period and at the…
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