Currently viewing the tag: "Interest"

Installment credit

On September 23, 2008 By

A type of credit or loans in which a monthly payment is made for a specified amount of time. The most common forms of installment credit are mortgages and car loans.

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Prime rate

On September 23, 2008 By

The interest rate that a bank charges its most reliable customers who are the least likely to default on their loan.

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