Total Borrowing Financial Glossary
What is it? The total amount youve actually borrowed on your account.Finance Term Definition Added By: Cole
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Other Similar Finance Terms:
Financial Term Discount Rate is A certain interest rate that is used to bring a series of future cash flows to their present value in order to state them in current, or todays, dollars. Use of a discount rate removes the time value of money from future cash flows.Financial Term Pension is Money you get after you retire, usually either from the government or your previous employer/s.
Financial Term Interest is The charge made for borrowing a sum of money.
Financial Term Prepaid Interest is Interest paid before becoming due.
Financial Term Consolidated Loan is A loan taken out to pay off all your debts.