Meaning of the word: Interest rate
The interest rate is a percentage increase of the debt for a period. The interest rate is usually fixed for one year. Interest is a reward for the creditor, who lent his funds to the debtor. The amount of interest that is not limited, however, if it is too high, it is usury, which is contrary to good morals.
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FROM DICTIONARY
Termination of contract
Termination of contract is a process, when void a contract between the insurer and the policyholder. For example, the contract may disappear…
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