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Interest rate
INTEREST RATE

Definitions:

i. The per cent of an amount of money which is charged by a bank or other financial company.

ii. The interest rate is the amount of interest that must be paid. It is expressed as a percentage of the amount that is borrowed or gained as profit
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* All six elements should be in.


1. Purposeful and necessary to have a (the) cost of funds.

2. Figure will be specific - has no 'extras' or 'invisible'.

3. Range within which figure falls will be as regulated by the industry.

4. The level will be negotiable or is one already negotiated.

5. Considered profitable by borrower - no wish for a renegotiation.

6. Serves purpose(s), low or high, not prohibitive or strangulating. That is, financing or funding takes place with the particular level.



* AFFORDABLE FOR CUSTOMER !
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See perfect INTEREST (4).
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See perfect BOOM-BUST CYCLE.
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See perfect REPOSSESSION ORDER.

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