loan terms
Debt agreement details
Loan terms are the conditions governing a loan—interest rate, repayment schedule, duration, penalties, and collateral requirements.
Before signing, borrowers should understand all the loan terms.
The phrase also refers to the length of a loan: We're comparing loan terms of 15 versus 30 years.
Chief school administrator
- debtorOne who owes
- creditworthinessAbility to repay debts
- debtMoney owed another
- mortgageSecured home loan
microloan · home equity · credit line · overdraft · subprime · drawdown · advance · installment
Enforceable written agreement
- covenantBinding formal pledge
- stipulationCondition in an agreement
- clauseProvision in agreement
- provisionPreparatory supply or clause
repayment schedule · amortization · prepayment penalty · grace period · maturity date · balloon payment · fixed rate · variable rate
Risk evaluation and acceptance
- collateralSecurity for debt
- approvalFavorable opinion given
- credit checkExamination of payment history
- risk assessmentEvaluating likelihood of harm
origination · servicing · disbursement · credit score · guarantee · surety · lien · foreclosure
principal
Chief school administrator
- debtorOne who owes
- creditworthinessAbility to repay debts
- debtMoney owed another
mortgage · microloan · home equity · credit line · overdraft · subprime · drawdown · advance · installment · repayment
contract
Enforceable written agreement
- covenantBinding formal pledge
- stipulationCondition in an agreement
- clauseProvision in agreement
provision · repayment schedule · amortization · prepayment penalty · grace period · maturity date · balloon payment · fixed rate · variable rate · APR
underwriting
Risk evaluation and acceptance
- collateralSecurity for debt
- approvalFavorable opinion given
- credit checkExamination of payment history
risk assessment · origination · servicing · disbursement · credit score · guarantee · surety · lien · foreclosure · repossession
- bankingbank, banks, ATM, ATMs, account
- financial termswealth, asset, currency, balance sheet, audit
- Home Buyingmortgage, downpayment, down payment, closing, closing costs
- car salescar dealership, car dealerships, dealerships, dealer, auto dealership
- negotiationsbargaining, offer, counteroffer, counter offer, compromise
- lendingapproval, lenders, lending, credit, interest