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What type of response time is necessary to increase the probability of arrest at the scene?
Principal Reduction
The act of paying down the outstanding balance of a loan, not including interest, to reduce the principal amount owed.
Interest Payment
The amount paid by a borrower to a lender for the use of borrowed money, usually expressed as a percentage of the principal.
Note Payable
A liability representing a written promise to pay a specified amount of money at a future date, often including interest payments.
Maturity
The date on which a financial instrument, such as a bond or loan, becomes due and the principal is to be repaid.
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