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Results for "precontributing"

Precontributing

Definition: In the context of finance, "pre-contributing" is a term used to describe an individual who has not contributed any amount towards their financial obligations. This can include situations where individuals are still in school or have not yet received their first paycheck. In this sense, a person might be considered pre-contributing because they have not yet made any payments towards their debt or other financial obligation. Instead, these individuals may be contributing to the payment of those debts by taking out loans or other sources of credit


precontributing