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Loans

Tenure

In the world of finance, there exists a period known as the 'loan term'. This term refers to the time frame between the disbursement of a loan and the final payment, whether it be the last EMI or the closure of the loan. It is an essential aspect to understand as it affects the overall cost and duration of the loan. So, it is crucial to carefully consider the loan term before taking on any financial obligations.

Estimation

In finance, it is crucial to accurately determine the value of an asset, particularly if it is a pre-existing property. This process is known as estimation, or valuation. As...

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Ballon Payment

The term "balloon payment" refers to the final and often larger payment on a debt, typically occurring after a series of smaller payments have been made. This type of paymen...

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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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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 de...

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