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Loans

IRR

It is used to evaluate the profitability of potential investments and is expressed as a percentage.

Understanding finance terms is crucial for making informed investment decisions. One such term is the Internal Rate of Return or IRR. It measures the cost of capital and the potential earnings from a loan. This percentage helps evaluate the profitability of investments. In simpler terms, IRR tells us whether an investment is worth it or not. So, always keep an eye on the IRR when considering investment opportunities.

Annual Reducing Method

Let's dive into the concept of diminishing balance method, a technique used to calculate interest on loans. The reduced principal is taken into consideration at the end of ...

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Administrative Fee

Let's discuss the concept of administrative fees in the realm of housing finance. These fees are charged by the housing finance firm to cover their operational expenses. The...

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Clear title

Allow me to introduce to you the concept of "clear title". This term refers to a title that is unquestionably free from any doubts or legal issues. When a property has a cle...

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Marketable title

A marketable title is one that is free from any legal defects and can be easily transferred to another individual. This means that the person holding the title has the legal...

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