Meaning of the word: Contractual term
Contractual terms are one of the most important parts of each contract. All customers who sign a contract, they should carefully read the terms and conditions, so that later they weren't caught off guard some payment or penalties for failure to comply with the conditions. If you don´t understand contract terms and conditions, contact the merchant.back to dictionary >
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Interest on arrears
Interest on arrears is charged to the debtor in case that he doesn't pay his loan in time. It is not a classic sanction, but it is the refund money.…go to the dictionary >
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