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4 Cards in this Set
- Front
- Back
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subordination |
Subordination is a legal agreement which establishes one debt as ranking behind another debt in the priority for collecting repayment from a debtor. |
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Subrogation |
The right to pursue someone else’s claim. |
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Amortization |
Gradual reduction of a loan debt through periodic installment payments of principal and interest |
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Principal |
Principal is the amount that loaned to you |
