Lender - an organization or person that lends money., Borrower  - a person or organization that takes out a loan, usually with interest., Term - the amount of time the lender gives you to repay your loan., Principal - the money originally agreed to pay back and decreases as payments are made., Interest - the amount a lender charges a borrow; a percentage., Cosigner - a person who is obligated to pay back the loan, just as you, the borrower, are obligated to pay., Grace Period - a set length of time after the due date which a payment may be made without penalty., Late Fee - a charge imposed when the payment on a debt or other financial obligation isn't paid by the due date., Finance Charge - a fee charged for the use of credit., Default Rates - the percentage of all oustanding loans that a lender has written off as unpaid., Closing Costs - the expenses over and above the property's price that buyers and sellers usually incur to complete a real estate transaction.,

Credit

by
Print
Embed

Leaderboard

Visual style

Options

Switch template

Continue editing: ?