Meaning of the word: Principal
Principal financial is the amount that the debtor's borrowed from the lender. The reward for providing this amount is interest for the lender, which is usually added to the regular payments. Interest and default interest are accessories of the principal. The relationship between the lender and the borrower must be specified in the agreement.back to dictionary >
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Real estate on credit
Real estate on credit is a type of realty, which was taken, or at least reconstructed from the loan. Property loans are mortgage loans, client…go to the dictionary >
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