Examlex
The GPO order of precedence is ____.
Cost of Funds
The interest rate that financial institutions pay for the use of money or funds they lend out to borrowers.
Principal
Principal refers to the original sum of money borrowed in a loan or invested, exclusive of any interest or dividends.
Annual Payments
Periodic payments made once every year, often used in terms of loans, insurance, and investments.
Outstanding Balance
The amount of money owed on a loan or credit line that has not yet been repaid.
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