A statement of income and expenditure for a period.
Security against damage or loss; sum paid in compensation for loss incurred.
A sustained increase in the general level of prices so that a given amount of money buys less and less. The number of dollars in circulation exceeds the amount of goods and services available for purchase, resulting in a decrease in the dollar's value.
The regular periodic payment that a borrower agrees to make to the lender.
Interest Only Loan
The borrower only has to pay the interest that is accrued on the loan and no principal payments for a specified time period.
The amount of interest charged on a monthly loan payment. Usually expressed as a percentage.
A low interest rate offered at the start of a loan. At the end of the specified time period the interest rate converts to a standard rate.
Loans used for investment purposes, such as the purchase of an investment property.