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Payments Cease
Refers to the termination or halt of scheduled payments, often in the context of loans or financial instruments.
Pure Discount Loan
A loan where the borrower receives a single lump sum amount upfront and repays the lender a higher amount at the loan's maturity.
Lump Sum
A single payment of money, as opposed to a series of payments made over time.
Borrower Receives
The amount of capital a borrower obtains from a lender under the terms of a loan.
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