Contractual interest
Interest charged because an agreement expressly allows it, at the rate and on the basis set out in that contract.
Related terms
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Refinancing
Replacing existing borrowing with new finance, often to change the lender, term, interest rate, security or monthly payment profile.
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Business debt
Money owed by a business to lenders, suppliers, HMRC, landlords or other creditors.
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Business finance
Funding used for business purposes, including loans, overdrafts, asset finance, invoice finance and other commercial facilities.
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