单词 | borrower repays |
释义 | borrower repays If the property falls in value, the borrower repays the original loan, minus 20 per cent of the price drop. Times, Sunday Times The borrower repays 20 per cent of the sale price. Times, Sunday Times Therefore, they typically impose a penalty if the borrower repays the loan earlier than planned in order to ensure that at least some of these costs are recouped. Retrieved from Wikipedia CC BY-SA 3.0 If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. Retrieved from Wikipedia CC BY-SA 3.0 |
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