The document defines key terms related to lending and borrowing:
Lender provides the funds that are borrowed, while the Borrower owes and receives the funds. The Origin or loan date is when the Borrower receives the money. The Repayment date is when the full amount must be repaid. The Time or term is how long the money is borrowed for. The Principal is the exact amount borrowed. The Rate of interest is the annual percentage charged by the Lender. Interest is the total amount paid to the Lender over the time of borrowing. The Maturity Value is the total amount owed by the Borrower at the end date, including principal and interest.
The document defines key terms related to lending and borrowing:
Lender provides the funds that are borrowed, while the Borrower owes and receives the funds. The Origin or loan date is when the Borrower receives the money. The Repayment date is when the full amount must be repaid. The Time or term is how long the money is borrowed for. The Principal is the exact amount borrowed. The Rate of interest is the annual percentage charged by the Lender. Interest is the total amount paid to the Lender over the time of borrowing. The Maturity Value is the total amount owed by the Borrower at the end date, including principal and interest.
The document defines key terms related to lending and borrowing:
Lender provides the funds that are borrowed, while the Borrower owes and receives the funds. The Origin or loan date is when the Borrower receives the money. The Repayment date is when the full amount must be repaid. The Time or term is how long the money is borrowed for. The Principal is the exact amount borrowed. The Rate of interest is the annual percentage charged by the Lender. Interest is the total amount paid to the Lender over the time of borrowing. The Maturity Value is the total amount owed by the Borrower at the end date, including principal and interest.
The document defines key terms related to lending and borrowing:
Lender provides the funds that are borrowed, while the Borrower owes and receives the funds. The Origin or loan date is when the Borrower receives the money. The Repayment date is when the full amount must be repaid. The Time or term is how long the money is borrowed for. The Principal is the exact amount borrowed. The Rate of interest is the annual percentage charged by the Lender. Interest is the total amount paid to the Lender over the time of borrowing. The Maturity Value is the total amount owed by the Borrower at the end date, including principal and interest.
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Lender - person (or institution) who invests the money or
makes the funds available.
(sija ang magbutangay kibali nang kwarta sa bangko para may
mautang sa Borrower; murag nag alkansya)
BORROWER – Borrower or debtor – person (or institution) who owes the money or avails of the funds from the lender.
(mangutangay sa lender)
Origin or loan date – date on which money is received by the borrower.
(Petsa na kung Kanus-a nangutang and Borrower) Repayment date or maturity date – date on which the money borrowed or loaned is to be completely repaid.
(Kung kanus-a dapat fully paid na ang utang sa borrower)
Time or term (t) – amount of time in years the money is borrowed or invested; length of time between the origin and maturity dates.
(Kadugayon sa pag-utang sa kwarta hangtod sa pag fully
paid sa utang ni Borrower or mangutangay)
Principal or present value (P) – amount of money borrowed or invested on the origin date. ( Kung pila GAJUD, EXACTLY ang tag utang sa Borrower o Mangutangay) Rate of interest or simply rate (r) - Rate ng interes o simpleng rate (r) – taunang rate, karaniwang sa porsyento, sisingilin ng lender, o rate ng pagtaas ng investment.
(percentage sa interest every month)
Interest (I) – amount paid or earned for the use of money.
(TOTAL NA KIBALI INI SA TANAN PERCENTAGE SA INTEREST, UNLIKE SA RATE OF INTEREST OR SIMPLY RATE NA KADA BUYAN RA ANG KWENTA, ANG INTEREST IS THE TOTAL AMOUNT NA IBAYARAY NG BORROWER PARA SA IJA KADUGAYON SA PAG BUYOS NANG KWARTA)
Maturity Value or Future Value (F) – amount after t years that the lender receives from the borrower on the maturity date; equal to the sum of principal and the interest earned.
(TOTAL NA INI SIJA SA TIBUOK INTEREST TAPOS KUNG PILA ANG TAG UTANG SA BORROWER NA DAPAT NIJA BAYARAN SA MATURITY DATE. PAMATI LAGI!
