Debtmerica Debtpedia

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Term Definition
Lender

Entity that advances cash to a borrower for a stated period and for a fixed or variable rate of interest, with or without a security other than the borrower's signatures.

Leverage

A general term describing a financial ratio that compares some form of owner's equity (or capital) to borrowed funds.

Liability

An obligation that legally binds an individual or company to settle a debt.

Liquidate

To convert to cash.

Loan Balance

The amount owed on a loan less the amount of payments made.

All # A B C D E F G I J L M N O P R S T U V W
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