"Loan terminology" refers to the specific words and phrases used when talking about loans. It includes terms like interest rate, principal, repayment, and collateral. Understanding
loan terminology is important to comprehend and discuss different aspects of loans.
Full definition
In addition to school rank, employment rates, and average starting salaries, future lawyers need to be aware
of loan terminology and how it affects their future ability to pay.
If you feel like you could stand to brush up on your
mortgage loan terminology, why not read the following common terms and their definitions?
Brush up on some
basic loan terminology and then move on to learning about different types of loans, such as secured loans, unsecured loans, fixed - rate loans and variable - rate loans.
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Learn how to read and interpret financial statements,
decipher loan terminology and money rates, understand investor behaviors, and perform a variety of financial calculations that will enable you to better serve your clients.
This useful mortgage glossary will allow you to research any mortgage term with which you are unfamiliar and educate yourself
about loan terminology.
In addition to school rank, employment rates, and average starting salaries, future lawyers need to be aware
of loan terminology and how it affects their future ability to pay.But