Meaning of the word: Contractual penalty
Contractual penalty is a penalty that is listed directly in the contract between the client and the bank institutions. As for sanctions, the bank may require the compensation for breach of conditions and client must pay it. The purpose of the penalty is mainly preventive.back to dictionary >
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Maturity is very important concept in finance, because every loan or other financial instrument is due to be paid. Maturity is a date, when the…go to the dictionary >
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