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Interest

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Definition overview

1 Definition

Payment received by the lender as compensation for the use of a sum of monies i.e. the price/fee paid by the borrower for the use of loaned money.

2 References

UniSQ Defined.

3 Definition Information

Approved Date

20/8/2015

Effective Date

20/8/2015

Record No

15/2649PL

Complying with the law and observing Policy and Procedure is a condition of working and/or studying at the University.

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