No Load (NL) Financial Glossary

What is it? See Load

Finance Term Definition Added By: Mia

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Other Similar Finance Terms:

Financial Term LTV is Loan to Value - the amount of a mortgage expressed as a percentage of the value of the propertys value or what you pay for the property.

Financial Term Codicil is An addition or other change to an existing will.

Financial Term Revolving Account is An account requiring a minimum monthly payment plus a service charge on the balance. Interest charged declines as the balance is reduced.

Financial Term Prequalification is A process used to assess a prospective borrowers ability to pay back a loan. It determines how much money a prospective homebuyer can borrow before an actual application is made.

Financial Term Defined Contribution Plan is An employer-sponsored retirement plan in which contributions are fixed on an annual or periodic basis. Benefits provided to participants are determined solely by the return on investment.