Loan Obligation

1 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Retire (A Debt) Principal Payment Loan Obligation Amortization Mortgage Debt Management Financial Planning Loan Contract

To retire a debt means to pay off the principal on a loan, thereby fulfilling the obligation under the loan contract, which can be done through regular payments or a lump sum. It is a significant financial milestone indicating that the borrower has met the terms laid out by the lender.