b : to collect payments and sustain a payment program for (a loan) especially following sale in the mortgage to some secondary house loan sector (as the Federal Countrywide Home finance loan Association)
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The PIKs accrue at close to twelve for every cent now; a rough estimate based on those fees as well as August 2033 repayment day presents a complete price of servicing the bank loan of in excess of £850m (if no repayments are made among now after which you can) — more than double the personal loan itself. —
B2 [ U ] an sum of money charged for serving a buyer within a cafe, usually paid out directly to the waiter:
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) resembling the relevant mountain ashes but owning bigger flowers and larger edible fruit also : a linked Aged World tree (