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Lease – It is a lawful agreement which allows a purchaser to utilize some asset like a car or truck for payment. The asset ought to be returned as soon as the lease time period ends.
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Foreclosure – This is a lawful process wherein collateral that has been pledged for the mortgage may be marketed so that you can repay the loan In the event the borrower defaults.
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Interest charge – A level that a lender will charge borrowers so as to borrow funds from them. It is actually expressed in proportion % per annum.