PERSONAL LOAN Definition

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PERSONAL LOAN is a short-term loan that is extended based on the personal integrity of the borrower.

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MULTIPLIER is a. the investment multiplier which quantifies the overall effects of investment spending on total income; or, b. the deposit multiplier which shows the effects of a change in bank deposits on the total amount of outstanding credit and the money supply.

LESSEE is the party to whom the possession of specified property has been conveyed for a period of time in return for rental payments.

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