LeoGlossary: Renewal
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leoglossary3 years ago
A form of extending an unpaid
in which the borrower's remaining unpaid loan is carried over (renewed) into a new loan at the beginning of the next financing period.Posted Using
Beta
A form of extending an unpaid
in which the borrower's remaining unpaid loan is carried over (renewed) into a new loan at the beginning of the next financing period.Posted Using
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