Welcome to the 1520 Perfect Dictionary
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| Servicing (2) | ||
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| SERVICING (2) Definition: (finance) The act of paying interest on money that has been borrowed. ______________________________________________________________________ * All four elements should be in. 1. Purposeful and necessary (to emphasize). 2. Act is as in the (an) agreement. __________________ a. Time (= date, period, etc.). b. Amount (= volume, tranche, etc.). c. Format (= cash, cheque, direct debit, etc.). d. Update of financial records, as appropriate. e. f. __________________________ See perfect DEBT (2). | ||
| Below the Line | ||
| 3. Acts continues and lasts for the right period. That is, principal - the amount borrowed - is appropriately invested or utilized to provide a sound basis for debt-servicing. In other words, servicing will not be ad infinitum ! 4. Act serves purpose(s) for both the borrower and lender. ________________________________ See perfect REPAYMENT (1). |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |