Definition: Embonpoint is a word in English that refers to a specific type of financial transaction where an individual or organization pays off a debt by making a payment or offering a gift, often in exchange for a reduction in interest rates. It is commonly used in the context of credit card payments and mortgage loans. In the case of embonpoint, it involves a person or organization paying back a debt they owe to another party through a specific means, typically with the promise of a reduction in interest rates on
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