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descuento directo

Also spelled: préstamo por descuento directo

Definition

A loan repaid by deducting it from wages before they reach the account. The standard credit for public employees and teachers, and the reason many people talk about their salary "after deductions".

Example

I have two years left on the descuento directo for the car.Me quedan dos años de descuento directo del carro.

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Where it is used
nationwide
Currency
in use today

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