Accounts Receivable Financing:
A loan gained by borrowing against recei . . .
Adjustable Rate Loan (ARL):
A loan with an interest rate that change . . .
Adjustable Rate Mortgage (ARM):
A loan with an interest rate that change . . .
Amortize:
Payoff off a debt in installments which includes both principal a . . .
Amount Financed:
A required Truth in Lending Act disclosure for consumer loans. It . . .
Annual Fee:
The amount charged by the lender each year to cover the administr . . .
Annual Percentage Rate (APR):
A required Truth in Lending Act disclosu . . .
Application Fee:
A fee charged by the lender or broker for the loan application. . . .
Appraiser:
A person typically hired by a lender to provide an appraisal. . . .
Arbitration:
A privately conducted trial to resolve a dispute. Arbitration can . . .
Assets:
Anything of value. Any interest in real or personal property whic . . .
Bad Debt:
A debt that is not collectible and is therefore worthless to the . . .
Balance Sheet:
Financial statement presenting measures of the assets, liabilitie . . .
Balloon Payment:
A scheduled payment due at the end of a loan term that is substan . . .
Borrower:
A person who receives funds in the form of a loan with the obliga . . .
Bridge Loan:
Short-term loan to provide temporary financing until more permane . . .
Broker Agreement:
A contract between a borrower and a mortgage broker. It describes . . .
Broker Compensation Or Fee:
The amount of money the broker will rece . . .
Business Credit Card:
An amount of money, which a business can borrow against at times . . .
Business Plan:
A document that describes an organization's current status and pl . . .