Examlex
VRET:
Principal
The original sum of money borrowed in a loan or the initial amount of investment, not including interest or profits.
Simple Interest
Interest assessed only on the base amount, or on whatever portion of the base amount has not been settled.
Interest
Payment made for the use of borrowed money, calculated as a percentage of the principal sum.
Simple Interest
Interest calculated only on the initial amount of money (principal), not on the interest accrued over time.
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