Total Borrowing Financial Glossary

What is it? The total amount youve actually borrowed on your account.

Finance Term Definition Added By: Cole

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Other Similar Finance Terms:

Financial Term Discount Rate is A certain interest rate that is used to bring a series of future cash flows to their present value in order to state them in current, or todays, dollars. Use of a discount rate removes the time value of money from future cash flows.

Financial Term Pension is Money you get after you retire, usually either from the government or your previous employer/s.

Financial Term Interest is The charge made for borrowing a sum of money.

Financial Term Prepaid Interest is Interest paid before becoming due.

Financial Term Consolidated Loan is A loan taken out to pay off all your debts.