Françoise Clementi

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Tooltip Tags: loans

loan amortization

Repayment of a loan to the lender with interest. Based on the loan’s amount, interest rate, and length, a monthly payment is determined that the

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loan application

A document that presents a borrower’s income, debt, and other obligations to determine credit worthiness, as well as some basic information on the target property.

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bank loan

A written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to

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loan agreement

Formal document that evidences a loan. It may also include negative and positive covenants, type and value of the collateral pledged, guaranties, financial reporting requirements,

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instalment (loan)

A monetary part-payment as part of a staged payment plan. (source: http://en.wikipedia.org/wiki/Instalment)

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increasing repayment

Any of several parts into which a debt or other sum payable is divided for payment that creases at a geometric or arithmetic rate.

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fix instalment

Any of several parts into which a debt or other sum payable is divided for payment at successive fixed times and amounts. (source: http://dictionary.reference.com/browse/instalment)

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