👉 Garance, in French, is a term used to describe a loan that has a fixed interest rate and no repayment period. This type of loan allows borrowers to make payments for an agreed-upon period without having to pay interest every month or year. The term "garance" comes from the Latin word "garantia," which means assurance.
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What is the definition of Garancin? 🙋
👉 In finance, "garancin" is a term used to describe a financial instrument that promises a specific return or income over a specified period of time. It's often associated with bonds, which are issued by governments and companies to raise funds for government projects and corporate purposes. A bond is essentially a promise made by the issuer (usually the borrower) to pay back the principal amount plus interest at some future date. If the issuer defaults on their repayment obligations, they will be liable for any unpaid
