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Principal Portion
The part of a loan payment that goes toward reducing the original loan amount, as opposed to the interest portion.
Interest Portion
The part of a payment that covers the interest on borrowed money.
Harmonized Sales Tax
A combined tax that merges a country's or region's general sales tax with its value-added tax, designed to simplify the taxation system.
Retailer
A business or individual that sells goods directly to consumers, acting as the final link in the supply chain between manufacturers and consumers.
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