Accrued interest Interest which has been received not recorded or received.
At the final end of that the balance is zero.
В« Annual portion price (APR) The yearly price that is charged for borrowing (or created by spending), expressed as an individual portion quantity that represents the specific annual price of funds within the term of that loan. The APR includes any costs or extra expenses connected because of the deal.
В« Appreciation an escalation in the worthiness or cost.
В« resource any such thing a person or company has that features commercial or change value.
Automobile debit The deduction from a checking or family savings of funds which can be immediately used in a creditor every month. Some loan providers provide interest discounts if loan re re payments are put up on automobile debit at the start of the mortgage.
Balance the total amount owed for a credit or loan card or perhaps the quantity in a cost savings or investment account.
Balance sheet a statement of finance showing a вЂњsnapshotвЂќ for the assets, liabilities and web worth of a person or company for a provided date.
Bankruptcy A legal proceeding declaring that a person is not able to spend debts. Chapters 7 and 13 of this federal bankruptcy code govern bankruptcy that is personal.