Source: http://www.APersonalFinanceGuide.com/blackhorse-finance/loans-to-meet-specific-purposes/
Saturday, January 29, 2011
Loans to Meet Specific Purposes
A loan is a debt instrument that involves the transfer of money or material assets between two parties known as the lender and the borrower. The lender charges a fixed or fluctuating rate of interest on the amount borrowed referred to as the principal. The repayment structure and the amount of the installment will be [...]
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