What Is Hire Purchase Agreement?
What Is Hire Purchase Agreement? A hire purchase plan allows you to purchase an expensive item that you may not …
Banking
What is a High Ratio Loan?
What is a High Ratio Loan? A high ratio loan is a loan whereby the loan value is high relative …
What Is a Hard Money Loan?
What Is a Hard Money Loan? A hard money loan is a type of loan that is secured by real …
What is Hard Money?
What is ‘hard money?’ Hard money has many different meanings depending on the context and can relate to currency, loans, …
What is Hard Inquiry And How Affects Your Credit Score?
What is Hard Inquiry? A hard inquiry, or a “hard pull,” occurs when you apply for a new line of …
What is Grace Period And How it Works?
What Is a Grace Period? A grace period is a set length of time after the due date during which …
What is a General Security Agreement (GSA)?
What is a General Security Agreement? A General Security Agreement (GSA) is a contract signed between two parties a creditor …
What is Forbearance And How To Apply?
What is Forbearance? Forbearance is a term that refers to the temporary reduction or postponement of payments, such as for …
Floating charge – Overview and How it Crystallize?
what is floating charge? A floating charge, also known as a floating lien, is a security interest or lien over …
What is a Balloon payment?-
What is a balloon payment? A balloon payment is a larger-than-usual one-time payment at the end of the loan term. …