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单词 interest in advance loan
释义

interest in advance loan

Definition
An interest-only loan with a fixed rate of interest, a duration of one to five years, and interest payments due at the beginning of each period. In some cases, interest in advance loan borrowers can pre-pay the next year's interest and claim it as a deduction when filing taxes.
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更新时间:2025/4/17 2:20:32