Examlex
At first patents might seem like a deterrent to growth because in effect they restrict the use of new technology. Yet many economists believe that patents generate growth. Explain why.
Creditors
Entities or individuals that a company or person owes money to.
Principal Repaid
The portion of a loan payment that goes toward reducing the original loan amount, as opposed to the portion that goes toward paying interest.
Interest Paid
The amount paid over a period for borrowing money, typically expressed as an annual percentage rate.
Loan
A sum of money that is borrowed and is expected to be paid back with interest.
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