Sentences with phrase «specifies the amount borrowed»
Promissory Note forms usually specify the amount borrowed, the interest rate, payment schedule, and maturity date.
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Short term loans usually range from small amounts like # 100, up to larger sums like # 5000; but it's not a good idea to borrow a large amount of money without a solid guarantee that you will be able to pay it back within the specified time.
Always remember that you must pay back the full amount plus any interest in the time limit specified, so the amount you pay back will probably be more than you borrowed.
They are a promise to repay the amount borrowed at a specified time in the future.
A standard home equity loan allows a homeowner to borrow a certain amount of money and repaid it over a specified period of time.
Closed - end credit (AKA: an installment loan) is when you borrow a fixed amount of funds; and must repay the loan, plus interest and fees, all within a specified period.
a type of insurance where the insurance company pays a specified amount if the insured person dies while covered but there is borrowing power, benefits at retirement, or cash value; also called [term insurance]