Outrageously Funny Word Dictionary :: Renouncements

👉 In finance, a renouncement is a transaction where an investor or lender makes a promise to pay back their loan within a specific time frame. The terms of these transactions are usually described in detail and can vary widely depending on the country's laws and regulations. Renouncing a loan typically involves making a payment to cover the outstanding balance for the remaining period, rather than paying off the principal amount owed. This is often done through a formal document such as a letter or contract that outlines the terms of the

renouncements