CAPITALIZED INTEREST Definition

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CAPITALIZED INTEREST is the accrued interest added to the principal balance of a loan while you are not making payments or your payments are insufficient to cover both the principal and interest due. When this occurs, you are paying interest on interest, sometimes called "negative amortization".

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CREDIT CARD is a card authorizing purchases on credit at a predetermined interest rate and payment conditions.

COD is Cash On Delivery; which is exactly what it means.

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