Examlex
When the word the comes before the sound of a consonant, as in "the apple," it should be pronounced "thuh" rather than "thee."
Single Equivalent Payment
A singular payment that consolidates multiple payments or installments into one, often seen in loan repayments or settlement agreements.
Principal And Interest
The principal is the original sum of money borrowed in a loan. Interest is the cost of borrowing that principal, typically expressed as an annual percentage rate.
Equal Payments
Fixed payments made consistently over the duration of a loan or mortgage agreement.
Loan Date
The date on which a loan agreement is executed and from which interest starts accruing.
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