Examlex
The damages that are typically recoverable when a contract has been breached and one party has suffered loss are called:
Principal Amount
The initial amount of money borrowed or invested, excluding any interest or dividends.
Equal Annual Payments
Regular payments of the same amount made over a specified period of time, often used in loans and annuities.
Installment Note
A debt instrument that requires a series of payments over time, typically including both principal and interest components.
Interest Portion
This term represents the part of a payment or financial obligation that covers the interest on a debt, distinct from the principal repayment.
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