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Find every term and definition starting with the letter "a" in the ConsumerSavings.org payday loan glossary…
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Glossary of Payday Loan Related Terms
Amortize
To pay off in regular installments over a loan term.
Appreciation
The value that an asset gains over a period of time, as opposed to depreciation.
APR (annual percentage rate), Interest Rate
The yearly rate charged to a consumer to borrow the finance company's money. APR is usually expressed as a percentage. If your interest rate is 7.5%, you will pay $75 per $1000 borrowed.
Asset
The items of value that you own.
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