Examlex
Match the following common procedures and suffixes with the correct definition.
-ligation
Interest Rate
The levy, stipulated as a percentage of the principal, made by lenders for borrowers employing their assets.
Account Balance
The amount of money present in a financial repository, such as a checking or savings account, at any given time.
Interest Rate
The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage rate.
Bank
A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals or businesses.
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