Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Consumer loans vocab
| Question | Answer |
|---|---|
| Acceptance | The term acceptance can mean the quality or state of being accepted or acceptable, or the act of accepting something or someone, signifying approval. |
| Adjustable-rate mortgage | Tacking on mortgage points, which serve as a fee to the lender in return for a lower rate, can also be worth exploring as can adjustable rate mortgages. — Matt Richardson, CBS News, 26 Jan. 2026 |
| Amortization table | Amortization is a financial technique used to evenly distribute the cost of an intangible asset or loan over a set period, aiding in budgeting and expense |
| Closing costs | Closing costs are the necessary fees required to process your mortgage and transfer legal property ownership. |
| Collateral | Sep 22, 2026 — As a noun, collateral means something provided to a lender as a guarantee of repayment. |
| Counteroffer | An offer to go against an initial offer, |
| Earnest money | Earnest money is an amount of money paid toward the purchase of a home, which demonstrates the buyer's good-faith intent to complete the transaction |
| Equity | he meaning of EQUITY is fairness or justice in the way people are treated; often, specifically : freedom from disparities in the way people ... |
| Finance charge | The finance charge is the cost of consumer credit as a dollar amount. It includes any charge payable directly or indirectly by the consumer and imposed directly |
| Fixed-rate mortgage | A fixed-rate mortgage offers reliable monthly payments for the life of your mortgage. It's the most popular type of rate, available from ... |
| Interest | Interest is either the cost of borrowing money or the reward for saving or investing it — depending on which side of the transaction you're on. |
| Lien | The meaning of LIEN is a charge upon real or personal property for the satisfaction of some debt or duty ordinarily arising by operation of& ... |
| Market value | Original value (what it's worth) |
| Points | Points measure changes in value for mortgages, stocks, and bonds, but their specific meanings vary. In mortgages, points can denote origination fees, . |
| Principal | Principal is the original amount borrowed or invested before interest or earnings are added. It's the starting point for calculating loan interest, investmen |
Created by:
user-2063638