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Repayment Clause In Loan Agreement

One of the most important points is the distinction between the amount that the lender sets for the borrower (normally called principal) and the amount of capital that has not been repaid or paid in advance under the loan agreement (normally called a loan). The borrower should always be required to repay the loan (i.e. not the principal) on a specified date, only if the borrower has already paid capital measurements or paid the loan partly in advance before that date, which should be clearly stated in the loan agreement. However, at the end of the loan agreement, the borrower has repaid the full amount of the principal. As a rule, the credit agreement also contains a clause stipulating that the lender may use the money it receives from the borrower under the credit agreement in any way it deems correct. This determines how and when the loan must be repaid by the borrower to the lender (unlike the principal). The refund clause can of course be repealed in case of delay. . . .