Item Count : 4
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Maximum Withdrawal |
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Most cash machines check your bank account before giving you any money and will not give you any more than there is in your account. There is often a limit of, say, £250 per day on your withdrawals.
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Minimum Payment |
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On credit or store card statements - the minimum amount you must pay each month off your debt
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Mortgage |
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A loan usually taken out to buy property e.g. a house. If you do not keep up the mortgage repayments the mortgage company can repossess your house. This is an example of a secured loan. The loan is secure for the mortgage company because they can not lose out. They get the value of your house if you default on the loan.
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Motor Insurance |
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There are two types of motor insurance. Third party insurance is the minimum insurance cover required if you drive a car on public roads. You may prefer to also take out a comprehensive policy for your car.
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