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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Term deposit is a type of bank account that guarantees the interest rate of the deposit the client. It is concluded for a specified period and at the…go to the dictionary >
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