Judgment – That is a courtroom order that is made by the court docket and which can be associated with a lawsuit. It actually decides who wins the case.
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FDIC or Federal Deposit Insurance policies Corporation – Usually a federal agency which insures a customer’s deposit in their cost savings and for any bank loan of as many as $100,000 For each and every account. These deposits will involve savings and examining accounts and in addition deposit certificates.
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Compound curiosity – Curiosity that is computed on the bank loan’s balance, the balance will include all interest and that is unpaid.
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Repossess – The voluntary or pressured surrender of things in the situation of a client’s failure to pay for again a loan.
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