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The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What is an amount of money earned on a principal called?
The amount of money earned on a principal called is interest
Another word for amount of money you make?
Some synonyms for the amount of money you make are:rate of paysalaryearningsremunerationprofit
Is the capacity the same as amount Why?
No. A quantity of money would be an amount but not capacity.
Is cost a common noun?
Yes, the noun 'cost' is a common noun, a general word for the amount of money paid or charged for something; a general word for the loss or penalty involved in achieving something.The word 'cost' is also a verb: cost, costs, costing.
The amount of money charged for borrowing money is called?
intrest
What is the amount of money charged for borrowing money?
Interest
The amount of money charged for borrowing or using money?
Simple Interest
What do you call the fee charged for borrowing money?
Interest.
The cost of borrowing money is called the?
The cost of borrowing money is called interest.
Word meaning the sum charged for borrowed money?
The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."
What do you call a charge for borrowing money?
a debtor with a dick
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
What are principal and interest on a loan?
The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.
Is the amount charged for use of bank's money is called interest?
Yes. The amount a bank charges you for using their money is called an interest. This facility wherein you get to use the banks money and repay them is called a Loan. The bank grants you a fixed amount as loan and you repay them every month along with an interest.
What are the advantages of borrowing money?
Borrowing money can provide individuals and businesses with access to capital for investments, such as starting a business, purchasing a home, or funding education. It allows for the leveraging of funds to potentially generate higher returns than the cost of borrowing. Additionally, borrowing can help smooth out cash flow fluctuations and provide flexibility in managing financial obligations. However, it is essential to carefully consider the terms and conditions of borrowing to ensure it aligns with long-term financial goals and does not lead to unsustainable debt levels.
What is borrowing money to invest in the stock market is called?
It is called using margin or leverage.
