lodge.co.nz

Website:https://www.lodge.co.nz/
Upvotes received0
Downvotes received0
Karma:0 (upvotes-downvotes)



0 earned Badges

No badges were found



Definitions (33)

1

0 Thumbs up   0 Thumbs down

glossary of terms


Borrower
Source: lodge.co.nz (offline)

2

0 Thumbs up   0 Thumbs down

certificate of title


The official document of title showing ownership of the land described in it. The Certificate of Title describes the area and location of the land, it shows the registered proprietor (land owner) and all charges (mortgages
Source: lodge.co.nz (offline)

3

0 Thumbs up   0 Thumbs down

conveyancing


The process of legally transferring ownership of interests in land.
Source: lodge.co.nz (offline)

4

0 Thumbs up   0 Thumbs down

contract


A legally binding agreement between two or more people. Contracts may be written, oral, partly written, or partly oral, or implied by a person's behaviour. Contracts relating to land must be in writing.
Source: lodge.co.nz (offline)

5

0 Thumbs up   0 Thumbs down

credit


The maximum credit allowed to a borrower
Source: lodge.co.nz (offline)

6

0 Thumbs up   0 Thumbs down

credit reference or credit report


A report prepared by a credit reporting agency which sets out the credit history of a person. A satisfactory Credit Reference is often required by a lender before approving a loan.
Source: lodge.co.nz (offline)

7

0 Thumbs up   0 Thumbs down

debt servicing ratio


A measure of the borrower's
Source: lodge.co.nz (offline)

8

0 Thumbs up   0 Thumbs down

default


Failure to make a loan repayment by a specified date.
Source: lodge.co.nz (offline)

9

0 Thumbs up   0 Thumbs down

deposit


Money paid by one party to a contract
Source: lodge.co.nz (offline)

10

0 Thumbs up   0 Thumbs down

early repayment charge


When a fixed interest
Source: lodge.co.nz (offline)


To view all 33 definitions, please sign in.