Loan Terminology Glossary The

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Posted on September 19, 2018 at 03:10 AM

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Common Loan Definitions & Glossary | Loan Office
Common Loan Definitions & Glossary. Acceleration: Demand for immediate repayment of the entire unpaid balance of the loan. Accrued Interest: Amount of interest that has accumulated on a loan. Borrower: Person responsible for repaying a loan that has signed and agreed to the terms of the promissory note.
Glossary of Home Loan & Lending Terms
Buying a home may mean new mortgage terms to learn. Get definitions on the mortgage terms that may come up throughout your loan process, such as amortization and points, from our handy mortgage glossary at
Glossary | Federal Student Aid
Home » About Us » Glossary. Glossary. ... Failure to repay a loan according to the terms agreed to in the promissory note. For most federal student loans, you will default if you have not made a payment in more than 270 days. If you default on a federal student loan, you lose eligibility to receive federal student aid and you may experience ...

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