Examlex
The practice that permits convicted offenders to remain free if they agreed to take care of their debt obligation with the state is referred to as:
Borrowed
Referring to money or items obtained on loan, with the obligation to return or repay according to agreed terms.
Mortgage
A loan used to purchase real estate, where the property itself serves as collateral for the loan.
Interest And Principal
Refers to the two components of a loan payment: the interest (a percentage of the borrowed amount charged by the lender for using their money) and the principal (the original amount of the loan itself).
Early Years
An initial stage or period in the life cycle of an entity or project, often characterized by learning, growth, or development challenges.
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