Meaning of the word: Maturity
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 transaction must be paid. For example in case of purchase maturity is the immediate, but for example loans have a longer time period of maturity, this is actually purpose of every loan.
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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…
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