Examlex
Mario is saving if he does which of the following?
Principal Payments
Payments made towards the original amount borrowed in a loan, excluding interest payments, thereby reducing the outstanding principal balance.
Covenant Compliance
Refers to a borrower's adherence to the conditions set forth in loan agreements with lenders.
Accounting Principles
Fundamental concepts and rules that underlie financial accounting practices.
Financial Covenants
Provisions in a loan agreement that limit the borrower's actions in certain ways, ensuring the repayment of the loan.
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