A percentage, usually annualized, or related amount that is based upon the amount of Loan or Promissory Note Principal outstanding, and is paid by borrowers for the use of a lender’s money. Interest is typically paid monthly or quarterly, based upon the amount of Principal outstanding for the time period back to when interest was last paid. Pertains only to debt investments.
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by bsmith@carofin.com | Mar 8, 2019
