Method of repayment of loan is called
a) mode of payment b) method of payment
c) mode of repayment d) none of these
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Many loans are repaid by using a series of payments over a period of time. ... This payment of a portion of the unpaid balance of the loan is called a payment of principal. There are generally two types of loan repayment schedules - even principal payments and even total payments.
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Method of repayment of loan is called
a) mode of payment b) method of payment
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