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A-B | C-D | E-F | G-H | I-J | K-L | M-N | O-P | Q-R | S-T | U-V | W-Z

A to B


Payment of debt in regular instalments of principal plus interest, as opposed to interest-only repayments.

Amortisation period

The number of months it will take to repay a loan completely. The maximum period is usually 25 years for a home mortgage.

Annual Percentage Rate (APR)

A measure of the cost of the loan including interest and fees, expressed as a yearly percentage rate


What you own, including the value of your property, cash, securities etc.

C to D

Captial gain

The profit you make when you sell an asset for more than its cost.

Down payment

The money paid up front on the purchase of a property at the beginning of a loan term.


The act, by the bank, of making the money you borrowed available to you, usually by crediting your account.

E to F


The difference between the price at which an asset can be sold, minus the total debt listed against it.

Fixed rate loan

A loan taken at an interest rate which is fixed for a set term, regardless of changes in the market.

G to H


A person, usually related to the borrower, who guarantees that the loan is fully repaid.

I to J


A charge for money advanced or lent by the lender.

K to L


Your outstanding debts, or what you owe.

Loan repayment capacity

Your monthly loan repayments divided by your gross income expressed as a percentage.

Loan to valuation ratio

Your loan amount divided by the bank's valuation of your assets expressed as a percentage.

O to P


The actual amount borrowed or owed on a loan.

S to T


Assets pledged to ensure the repayment of a loan.


The length of time of a loan.

U to V

Uncommitted monthly income

Your available income after all monthly expenses, including loan repayments, have been deducted from your gross monthly income.