zero-interest

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Term: Zero-Interest

Definition: Zero-interest refers to a financial arrangement where no interest is charged on a loan or credit card for a specified period. This means that during the agreed-upon timeframe, the borrower does not have to pay any additional amount above the principal borrowed. Zero-interest deals are often used as promotional incentives by lenders to attract customers.

Example sentences:

I took advantage of the zero-interest offer on my credit card and paid off my balance within the specified period.
The store was offering a zero-interest financing option on the furniture, allowing customers to pay for their purchases over several months without incurring any interest charges.
She found a zero-interest auto loan, enabling her to buy the car she wanted without worrying about paying interest over the loan term.

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