Debtmerica Debtpedia

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Term Definition
Prepaid Credit Card

A card that you pay up front, and the money charged on the card is deducted from the balance.

Prepayment Penalty

A fee assessed by a lender on a borrower who repays all or part of the principal of a loan before it is due.

Principal

The original amount of a debt on which interest is calculated.

Promissory Note

A promise to pay a specified amount on demand or at a certain time.

All # A B C D E F G I J L M N O P R S T U V W
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