Welcome to the 1520 Perfect Dictionary
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| Lending rate | |
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| LENDING RATE Definition: (finance) The rate of interest that you must pay when you borrow money from a bank or another financial organization. ______________________________________________________________________ * All eight elements should be in. 1. Purposeful and necessary. (EIGHT point ...) 2. Fully negotiated and agreed on by both the borrower (= you) and lender (= bank, etc.). (7%) 3. A basis for agreement/rate exist and is or can be disclosed to the regulatory authorities. And can be supported by the guidelines determining such transactions. That is, not patently illegal or beyond the general rates prevailing in the industry at a particular period of time. (six) 4. Rate or amount is the least available, in comparison with other banks or financial institutions offering same 'service' or amount. (FIVE PERCENT.) 5. Rate cannot be adjusted, especially upwards, after signing agreement and collecting the first tranche or whole of money. (4.5%) 6. Rules and regulations concerning the deployment or usage/use of borrowed money are clear, whether monitored or not. (THREE ...) 7. Profitable in the end for both parties. That is, borrower makes the right investments/expenditure and makes a profit, and lender gets correct and full return as at when due. (two point two) 8. What borrowed money is spent on does not have a negative effect on the overall economy of place, region, country, etc., ... that can be traced directly to the rate at which the funds were borrowed! (100%) ____________________________ ... CAN'T IT BE LOWER ?! | |
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