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4L Financial Glossary

What is it? Under perform / Low risk

Finance Term Definition Added By: Brianna

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Financial Term TradeIn Value is The amount a dealership will credit you for a vehicle you provide as partial or full payment for another vehicle.

Financial Term Redemption penalty is A charge made for paying off a loan, or debt balance, before an agreed date.

Financial Term PAYE is Pay-As-You-Earn - where your employer takes income tax off your salary or wages before you get it, and pays it direct to the Inland Revenue on your behalf.

Financial Term Market value is The price at which a ready, willing, and informed person would buy something; the price property would command in the current market.

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