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Collateral—only applies to secured loans. Collateral refers to a little something pledged as safety for repayment of the loan in case the borrower defaults Ability—measures a borrower's power to repay a loan utilizing a ratio to compare their credit card debt to revenue Make su

Curiosity is earnings for the corporate on funds stored inside of a savings account for the bank. The corporation only sees the financial institution assertion at the end of the thirty day period and needs to history curiosity earnings that has not nonetheless been collected or recorded. FinanceB

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