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The money a bank or other lending institution is willing to lend you is called the amount of credit extended or the​ ______ of the loan.

User Hous
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Answer:

Duration

Step-by-step explanation:

User Matt Montag
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The answer is a principal of the loan. The principal of a loan is the sum borrowed while interest is calculated on the principal. Loan principal can be used to mean three things, it can be:

- The amount you initially borrowed.
- The original investment in a private or business asset, similar to a building, apparatus, or a automobile.
- The balance on the loan account at any one period after the last payment has been made

User Prakash Panjwani
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