Home > Term: payoff
payoff
The complete repayment of a loan, including principal, interest, and any other amounts due. Payoff occurs either over the full term of the loan or through prepayments.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Τραπεζική
- Category: General banking
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Δημιουργός
- Meili.Tang
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