Loans Glossary - Settlement Figure

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Loans Glossary

Settlement Figure

What is a Settlement Figure?

Settlement Figure also known as redemption figure, is the amount of money needed to end a loan before it’s actual maturity date, requesting it can be done with a secured message. This settlement is payed or by the borrower or the original borrower.

The Settlement Figure represents that sum of money which is payed in full for a loan. This can be requested from the person who gave you the loan, if it was a bank then you'll receive it via secured message.

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