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A decrease in the amount of principal owed on a loan is called what?- I need this plz it’s for apex

A decrease in the amount of principal owed on a loan is called what?- I need this plz it’s for apex
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A decrease in the amount of principal owed on a loan is called what?-

I need this plz it’s for apex

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User Cesar Castro
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7.5k points

2 Answers

4 votes
A principal reduction is a decrease granted toward the principal owed on a loan, typically a mortgage
answered
User Dismissile
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8.6k points
7 votes

Answer:note reduction

Explanation:

answered
User Redben
by
8.1k points
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