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Flashcards - CEOE Business Education: Personal Credit and Loans

Flashcards - CEOE Business Education: Personal Credit and Loans
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bank loan
In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity
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bank loan
In finance, a loan is the lending of money from one individual, organization or entity to another individual, organization or entity
amortization table
An amortization schedule is a table detailing each periodic payment on an amortizing loan , as generated by an amortization calculator
Forbearance
In the context of a mortgage process, forbearance is a special agreement between the lender and the borrower to delay a foreclosure

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