The amount of debt, not counting interest, on a loan.
Click on the arrows to vote for the correct answer
A. B. C. D.A
The correct answer to the question is A. Principle. The principal amount is the amount of money borrowed from a lender and is not inclusive of interest or other fees. It represents the actual amount of debt on a loan.
For example, if someone borrows $10,000 to buy a car, the principal amount is $10,000. This is the amount that needs to be repaid to the lender, not including any interest charges, late fees, or other charges that may apply.
Appraisal refers to the process of determining the value of an asset, such as a house or a car, for the purpose of determining how much a lender is willing to lend against it. Down payment refers to the amount of money paid upfront by a borrower when purchasing a property or a car. Commitment refers to a lender's promise to provide funds to a borrower, subject to certain conditions being met.
In summary, the correct answer to the question is A. Principle, which refers to the amount of debt on a loan, not including interest or other fees.