UNLIQUIDATED Definition

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UNLIQUIDATED can mean: not liquidated; not exactly ascertained; not adjusted or settled.

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INSURANCE BROKER is a specialized broker who secures insurance business and places it with recognized underwriters.

FLAT INTEREST refers to charging interest on the full original loan amount, rather than on the declining balance. With group based loans, for example, a common "interest rate" is "3% per month, flat, for 4 months". This means that a $100 principal amount lent is multiplied by 3%, and then by 4 months to come up with $12 in interest. Thus, $112 would be repaid over 4 months in equal installments.

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