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Interest Rates
The cost of borrowing money or the reward for saving, usually expressed as a percentage of the principal amount annually.
Balloon Note
A type of loan that has a large or "balloon" payment due upon maturity, typically after a series of lower regular payments.
Maturity
The final payment date of a loan or financial instrument at which point the principal (and all remaining interest) is due to be paid.
Covenants
Agreements or promises in a formal loan or bond agreement that cover certain conditions, actions, or restrictions taken by the borrower.
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