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Business - Debt Glossary


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Abandonment The voluntary relinquishment of ownership by failure to use the p . . .
Add On Interest Add on interest is a method of charging interest. Interest is com . . .
Amortization Amortization is payments of debt in equal instalments of principa . . .
Annual Percentage Rate (APR) The yearly interest percentage of a loan . . .
Arrears A payment made after it is due is in arrears. Interest is said to . . .
Arrestment Arrestment Means that money or goods held by a thir . . .
Asset An asset is property that belongs to an individual. Including; re . . .
Attachment Means that goods held by the person in debt, eg a car, are 'froze . . .
Average Life The length of time that will pass before one-half of a debt oblig . . .
Balance The amount of money in an account, equal to the net of credits an . . .
Bankruptcy A form of debt relief, there are two kinds of bankruptcy. Persona . . .
Beneficial Loan A loan made by an employer to an employee on which interest is ei . . .
Beneficiary The Person who is entitled to receive funds of property under the . . .
Benefits Benefits are paid to you by the state and include income support, . . .
Binding For example, an agreement, which is binding cannot be legally avo . . .
Budget A list of all your income and expenditure is a budget. . . .
Budget Deficit A deficit is the gap between spending and revenue and thus the am . . .
Building Society 'Mutual' non-profit-making institutions set up to lend money to t . . .
Cap Rate The discount rate used to determine the present value of a stream . . .
Cashcash Is currency and coins on hand, bank balances, and negotiable mone . . .

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