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Money products and services: The monetary services furnished by money firms or companies which might be governmental or non-governmental are termed as economical services. A unit whose money is greater than bills can lend particular volume and so are termed as lender whereas a unit whose expenses is in excess of revenue have to have particular amount to boost the funds or take care of the bills and so are termed as borrower.
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Lenders impose bigger credit standards on borrowers to minimize the possibility of default. Non-recourse financial loans, on account my blog of their better risk, have increased interest fees than recourse loans.
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