Principle debt definition
Principle debt means a debt that is owed to the Municipality in respect of rates and services. It may include interest, collection charges, default administration charges, connection charges and any other charges;
Principle debt means a debt that is owed to the Municipality in respect of rates and services. It may include interest, collection charges and any other charges;
Principle debt means the amount that is deferred and on which interest is calculated. It comprises the loan amount advanced, the initiation fee if not paid upfront and any other costs including interest which are added as and when they become payable.