It is crucial to pay attention to the borrowing jargons as it helps you understand how you pay up your loans. (Image; Financial Express) When taking a loan, understanding the interest calculation ...

An accounting method which reflects the decreasing net book value of a fixed asset over time. This applies a set percentage reduction of the remaining value of the asset each year or accounting period ...

BORROWERS of the Students’ Loan Bureau (SLB) should soon get a reprieve from high interest charges as the bureau is moving to adopt the reducing balance mechanism of calculating interest, rather than ...