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Definitions
Directory
Dictionary > Definitions > Economy > Monthly payment
Monthly payment
Definition
The OPC (Offer Preliminary of Credit is the contract which formalizes the financing.
Description
The OPC (Preliminary Offer of Credit is the contract which formalizes the financing. On this contract must appear of information concerning the borrower, the characteristics of the financing that requested, the conditions legal which regulate the financing and the co-ordinates of the organization of financing which loan of money. Generally, the OPC also has an authorization of taking away. This authorization of taking away makes it possible the organization to take directly on your account the amount of the monthly payments corresponding to the financing subscribes.
Author
Md.Khurshed Alam
Author Email
mk_alamcce@yahoo.com
References
Definitions to be consulted