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Judgment – This can be a court buy which can be created by the court docket and and that is relevant to a lawsuit. It in fact decides who wins the case.
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Desire charge – A amount that a lender will charge borrowers in an effort to borrow revenue from them. It really is expressed in percentage % for each annum.
Charge off – It is a charge card debt or loan that's written off as getting uncollectible from the borrower. This at times is the case if the loan has long been sold or presented the personal debt to some collection agency. This debt stays collectable.