Meaning of the word: Interest period
Interest period indicates the time interval in which are attributed to interest on the capital. It can be annual, monthly, but also weekly. The credits have a different maturity, when a customer repays in addition also loaned money grew the interest, or the fee for the service.
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FROM DICTIONARY
Posting period
Clearing period is the period, when regular clearing is carried out. For example mobile network tarifs are usually clearing every mouth, so the…
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