Meaning of the word: Interest rate
The interest rate is a percentage increase of the debt for a period. The interest rate is usually fixed for one year. Interest is a reward for the creditor, who lent his funds to the debtor. The amount of interest that is not limited, however, if it is too high, it is usury, which is contrary to good morals.back to dictionary >
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The guarantor is the individual who undertakes, in the event of the inability of the borrower to repay its debt to pay the remaining debt instead.…go to the dictionary >
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