LENDER, a person or institution who invests the money or makes the funds available ., BORROWER, a person or institution who owes the money or avails of the pants from the lender, LOAN DATE, date on which money is received by the borrower., MATURITY DATE, a date on which the money borrowed or loan is to be completely repaid., TERM, amount of time in years the money is borrowed or invested length of the time between the origin and the maturity date, PRINCIPAL, amount of money borrowed or invested on the origin date., RATE, percentage of a loan or principal amount that is charged by a lender for the use of their money or the return paid to a lender for depositing money., INTEREST, amount paid or earned for the use of money., SIMPLE INTEREST, interest that is computed and the principle and then added to it., COMPOUND INTEREST, interest is computed on the principal and also in the accumulated pass interest., MATURITY VALUE, amount after t years that the lender received from the borrower on the maturity date.

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