In finance, paydown refers to the partial or full repayment of the principal amount of a debt or loan before its due date. This can reduce future interest payments by decreasing the principal balance.
Learn moreA pip in terms of forex trading, which is also known as point in percentage, is a unit of measure that expresses the smallest change in value between two currencies. It is typically equivalent to 0.0001 of a currency pair's quoted price.
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