What is penal rate?

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Tags

1. #lender
2. #penal
3. #percentage
4. #contracts
5. #called
6. #payment
7. #charged
8. #punitive
9. #default
10. #annual
11. #arrears
12. #installments
13. #borrower
14. #interest
15. #statutory
16. #money
17. #sales
18. #lending
19. #penalty