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The original amount deposited is referred to as the principal in a savings context, while in a borrowing scenario, it is the amount borrowed from a lender. In both cases, the principal is the base amount on which interest is calculated. Therefore, whether it is deposited or borrowed depends on the financial context in which the term is used.

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1mo ago

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What is the amount of money borrowed or deposited called?

The amount of money borrowed or deposited is called the "principal." In the context of a loan, it refers to the original sum of money borrowed before any interest is applied. For deposits, it signifies the initial amount placed into a financial account. The principal is crucial as it serves as the basis for calculating interest earnings or payments.


What refers to the original amount of money borrowed?

The original amount of money borrowed is known as the principal.


The amount of money deposited or borrowed is the?

It is sometimes called the capital.


The amount of money you borrowed is called the what?

The original amount of money borrowed is known as the principal.


What is principle amount?

The amount of a loan or investment that does not include interest. It's the amount borrowed, or the amount currently owed in a loan (including mortgages) and the amount invested (for investments.)


What following refers to the original amount of money that has borrowed on the loan?

principle


What is the total interest paid on the principal amount borrowed?

The total interest paid on the principal amount borrowed is the additional money paid on top of the original loan amount as compensation to the lender for borrowing the money.


What is the term for the original amount of money borrowed from a loan?

The term for the original amount of money borrowed from a loan is called the "principal." This is the initial sum that the borrower agrees to repay, excluding any interest or fees. The principal amount is crucial in determining the total repayment amount over the life of the loan.


What refers to the original amount of the money that was borrowed on a loan?

The original amount of money borrowed on a loan is referred to as the "principal." This is the initial sum that the borrower receives and is obligated to repay, excluding any interest or fees. The principal amount is the basis for calculating interest over the life of the loan.


What is the original amount of money that was borrowed or a loan?

The original amount of money borrowed in a loan is referred to as the "principal." This is the initial sum lent to the borrower, excluding any interest or fees that may accrue over time. The principal is the base amount on which interest is calculated throughout the duration of the loan.


What is the proportion of my current loan balance to the original loan amount?

The proportion of your current loan balance to the original loan amount is the percentage of how much you still owe compared to the total amount you borrowed.


What is the payment made when a bond matures?

The payment made when a bond matures is the face value of the bond, which is the original amount borrowed by the issuer.