Installment

 

Meaning of the word: Installment

Installment is a payment, which debtor indicates regularly repaid to the lender. Regular installments are typically paid on a monthly basis, however, there are also lower loans which are repaid in weekly intervals. Installments must be repaid on time, otherwise, the debtor has the threat of sanctions.

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FROM DICTIONARY

Termination of contract

Termination of contract is a process, when void a contract between the insurer and the policyholder. For example, the contract may disappear…

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