LoansCafe

Glossary

The penalty a borrower must pay when a payment is made after the due date.

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The Lender is the company who actually provides the money for your loan.

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The minimum and/or maximum amount of money an applicant may borrow from a lender during a specific time period.

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The length of time the borrower has to repay debt.

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Financing used to purchase or improve assets such as plant, facilities, large equipment and real estate.

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