Glossary

Amortization

A debt is usually made up of two parts: principal and interest. Amortization corresponds to [ler mais]

Credit

A contractual relationship between a financial institution and a customer in which the first party [ler mais]

Contract

A legal bond established between two parties, a creditor and a debtor, who must meet [ler mais]

Capital

Capital is the amount lent by the bank or financial institution to a customer who [ler mais]

Interest

It is the rate applied to the amount borrowed, usually a percentage (generally on an [ler mais]

Debt

Debt is the obligation to refund/repay the amount borrowed.

Hello letter

A letter sent to the debtor after the credit cession (debt assignment) informing the debtor [ler mais]