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Interest can be defined as the price paid by the borrower for the use of funds saved by the lender and the compensation to the lender for deferring expenditures. This compensation comprises two elements, namely a payment equal to the loss of purchasing power of the principal during the term of...
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This book, based on the proceedings of a conference organised by the OECD and the Bank of England's Centre for Banking …
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This book, based on the proceedings of a conference organised by the OECD and the Bank of England's Centre for Banking …
Persistent link: https://www.econbiz.de/10012447772