Asset Financial Glossary
What is it? An item that is intended to be used for several years such as a building or a vehicle.Finance Term Definition Added By: Emma
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Other Similar Finance Terms:
Financial Term Budget is A statement of our spending plans. The councils financial year starts on 1 April and ends on 31 March.Financial Term Annual cap is A limit on the amount of adjustment in the interest rate on an adjustable rate mortgage over a twelve-month period. Also called cap, payment cap.
Financial Term Interest is The amount a borrower pays for the use of a lenders funds, generally a percentage of the amount borrowed. It is usually expressed as an annual percentage rate (APR).
Financial Term LoantoValue Ratio (LTV) is The ratio determined by dividing the balance of a mortgage loan by the appraised value of the real estate. For instance, if the balance on a mortgage loan is $80,000 and the appraised value of a home is $100,000, the LTV is 80%.
Financial Term Illustration is An estimation of the returns you might get from an investment, based on specified growth rates and taking into account any extra charges or fees which you might have to pay.