Some include a voluntary prepayment clause allowing the borrower to pay the loan off before its due date under specific circumstances. The agreement must specify the interest rate, calculation process and repayment process. If your loan has a grace period, that should be stipulated as well. Finally, you will find the consequences and penalties in case of a payment default by the borrower. Banks usually require security to back your loan.
Report Abuse. ok, an element is something that cannot be separated into 2 different substances. (if its on the periodic table, it is an element) a compound is a mixture of two or more substances homogeneous mixtures, are made up of two or more things and cannot be seperated by physical means.
The difference is that a compound is a chemically combined 'mixture' (well defined, with one set of properties) and a mixture is not chemically combined (in a non-defined, variable combination of compounds and/or elements, all with its own properties: kerosine/gasoline/naphta, moist/dry air).lements are the things you see on the periodic table: an element is a substance made up of only one type of atom. A compound is the result of two or more elements that have b â¦ een chemically bonded.