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CRAFT Financial Glossary

What is it? See Co-operative research project (for SMEs)

Finance Term Definition Added By: Jordan

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We hope you now understand the meaning of CRAFT. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Balance Transfer is Moving a balance (debt) from one credit card to another. This is often offered as an option on some credit card applications. The usual reason is to shift an ongoing debt to an account with a lower interest rate.

Financial Term Debit is With a savings or checking account, an amount withdrawn or removed from the account balance (see Credit).

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 Selfemployed is This will usually cover anyone who is not paid under PAYE. In addition, for mortgage purposes, most lenders will class controlling directors as self employed or directors with more than a 20% shareholding. If this applies then the lender is likely to ask to see company accounts and to write to the companies external accountant for proof of income.

Financial Term H/S is Hold / sell