Final balance due at the end of a lease agreement. This amount is agreed to at the beginning of the lease and is included in the lease agreement. Payment of this residual is an offer to purchase the a [..]

A debt is unsecured if there is no collateral that is security for the debt. An unsecured loan is an obligation backed not by collateral but only by the integrity of the customer. Ie A car loan may be [..]

Loan payments cover the interest charge and reduction of the principal.

An expert who estimates and monitors construction costs, from the feasibility stage of a project through to the completion of the construction period. Their role may also include cost planning, value [..]

Today’s value of a future amount, before interest earnings/charges.

A lease agreement is put in place between you and Medfin. A Novated agreement is signed by your employer noting that the employer agrees to pay the lease on your behalf. This agreement terminates when [..]

The amount a guarantor is responsible for is limited to an agreed sum.

Ratio of the loan amount to the value of the property.

A lease or loan document which allows for a pre-approved lending limit to be in place for a customer. This limit allows for future leases/loans to be funded without the requirement of approval for eac [..]

A form that is part of the Draw Down Facility that is signed to request/authorise payment of an invoice.