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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.

Obligation of the borrower

As a financial professional, it is vital to understand the concept of borrower obligations in an agreement. These obligations include maintaining a repayment schedule, regul...

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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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Flat rate

As a finance professor, I'm sure you are familiar with the concept of annual interest on loans. But have you ever wondered how it is calculated? Let's dive into the world ...

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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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