A payment at regular intervals of a certain sum of money for a term of years or during the life of an individual.

The amount you have not paid in respect of scheduled repayments for a debt owed (i.e. past the due date). This is different from the balance owing

an encumbered asset is one that is currently being used as security or collateral for a loan.

Your available net income once all monthly expenses including loan repayments have been taken into consideration.

Time taken to reduce the value

are things you own. These can be cash or something that can be converted into cash such as property, vehicles, equipment and inventory.

a final lump sum payment due on a loan agreement. Loans with a larger final ‘balloon payment’ have lower regular repayments over the term of the loan.

A person using money that has been loaned to them by a bank or other lender or a person. Another name for a borrower is a debtor.

Short term finance used when buying and selling houses to cover the gap between receipt of funds from sale of existing house and the payment of funds to purchase another house

Profit from sale of a particular asset at a higher market price than it cost. Investors often buy for the sale of an expected increase in value of an asset rather than of the income it may generate du [..]