The additional payment a borrower has to make on a loan is referred to as ________.

Name: The additional payment a borrower has to make on a loan is referred to as ________.
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Interest is the additional payment a borrower is required to make on a loan, usually stated as a percentage of the amount borrowed. Credit refers to the ability of a borrower to obtain money or goods before payment, while stock refers to ownership in a company. Principal refers to the original amount borrowed.

The Additional Payment a Borrower Has to Make on a Loan