Value

 

Meaning of the word: Value

Value specifies the client's ability to repay his obligations. Value is an important tool for all financial institutions. It specifies the amount of the loan, which it is possible to provide to the applicant, but also amount of interest and maturity. Clients with higher value may obtain better loans.

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FROM DICTIONARY

Interest on arrears

Interest on arrears is charged to the debtor in case that he doesn't pay his loan in time. It is not a classic sanction, but it is the refund money.…

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