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.
A compound is a substance in which atoms of different elements are chemically held to one another. A mixture is a substance made by combining two or more different materials in such a way that no chemical reaction occurs.A mixture can usually be separated back into its original components, a compound can not.  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).