Paying back the dues is to pay off the loans taken from a person or a bank in instalments or at one go. This is a matter that is dealt with either the money monger or representative of an institution.

It is a measure to safeguard personal interests and financial statement.

For every advance taken, interest must be paid at regular, timely intervals. Without these payments no dues can be fully recovered and one is certain to pay the penalty of the debt into which one has fallen. So that one must provide a sure-fire guarantee that all outstanding loans will be paid back in due course.

Entrepreneurs borrow money from lending institutions in order to finance their businesses. And bankers are also willing to forward cash knowing that it is an investment for a good cause. This will benefit both the parties if the venture flourishes and the interest is paid off. But this depends on the accumulation of capital and outcome of the particular scheme.

A third party is usually present when a loan is being given. This being the guarantor who sees to it that the recipient will repay the amount of money taken. And that it satisfies the conditions under which this is made possible. It also quells any tension or anxiety arising from the said deal.

The guarantor’s presence indicates that everything is conducted in a fair and square manner and that there are no underhanded dealings in the transaction. Paying off the loans depends on the success of a business and completion of a project. It also remains to be seen how viable this is at the outset and how much profit is made. However, the interest can be paid off without crossing the time limit and the expiry of the date set.

For small loans there are usually individuals involved — be it a businessman, money broker or lender. They are persons with solid financial background and have the money and resources to engage in petty transactions if they are not of an uncertain nature.

Keeping track of the money means noting down the figures in a ledger or accounts book and

seeing to it that the debtor falls in line through periodic checks and supervision.

If misunderstandings creep in, ‘pay back’ can never be ruled out.