👉 In finance, a stercorary is a type of loan that requires repayment in the form of interest or principal. This means that the borrower must pay back the loan within a certain period, after which they must repay the remaining balance or interest. For example, if you have a loan for $50,000 and you need to make monthly payments of $1,250, the stercorary would be the amount you must pay back at the end of each month.
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