Examlex
A possible misspelling is indicated by a _____.
Loan Principle
The original sum of money borrowed in a loan agreement, which does not include interest or other charges.
Interest Rate
The fraction of a quantity of money that is required as payment for lending it, often stated on a yearly basis.
Annual Percentage Rate
The annual rate charged for borrowing or earned through an investment, which is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan.
Down Payment
A down payment is an initial upfront portion of the total amount due and is usually given in cash at the time of finalizing the transaction.
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