Interest is extra money added to a loan. It is the cost of borrowing money and acts as a fee paid to the lender for…
3. Repay
To repay means to give back the money you borrowed. Repayment usually happens over time, not all at once. You may repay weekly, monthly, or…
2. Borrow
To borrow means to take something that belongs to someone else with permission, knowing you must give it back. When you borrow money, you are…