Examlex
The sum of the probabilities of two mutually exclusive events is one.
Installment Note
A financial instrument that requires the issuer to make regular payments of both principal and interest to the holder until the debt is paid off.
Interest Portion
Part of a loan payment that is attributed to interest charges on the borrowed principal amount.
Principal Amount
The original sum of money borrowed in a loan or put into an investment, excluding interest or profit.
Installment Note
A debt instrument that requires regular payments, or installments, of principal and interest over a set period of time until the full amount, including interest, is paid.
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