Student Corner

Nice place for students to study online, A lot of important notes and information is provided relating commerce, medical students and computer students.

Thursday, October 22, 2009

Riba

Meaning:
'Riba' is an Arabic word. It means increase, addition, expansion or growth.
In Banking and economic scenario, it means the additional amount which a lender recovers from the borrowers according to the fixed rate over and above the principal sum.

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