What Is a Loan Paydown?

A loan paydown is the process of using money to reduce the outstanding balance on a loan. This can be done by making a lump-sum payment, making extra payments on the loan, or refinancing the loan. A loan paydown can be a good way to reduce the amount of interest you pay on a loan, … Read more

What is industry?

Industry, or industrial activity, is the part of the economy oriented towards the transformation of raw materials into products that are subsequently consumed by citizens or economías domésticas. Originating in England in the industrial revolution, since then, the secondary sector has maintained its importance within the economy of each State. Industrial products also have the … Read more