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As a system becomes more disordered, entropy
Installment Payments
Payments made regularly over time to settle a debt or purchase, dividing the total cost into smaller amounts.
Principal Balance
The outstanding amount of a loan or mortgage that remains to be paid, excluding interest.
Mortgage Note Payable
A liability in the form of a written promise to repay a specified amount of money, along with interest, secured by a mortgage on property.
Loan Principal
The original sum of money borrowed in a loan agreement, excluding interest, that must be repaid or serviced.
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