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Finance Dictionary

 

A

Accrued Interest

Interest you have earned or incurred that is yet to be paid or charged.
 
Additional Securities
 
An asset that guarantees the lender their loan until the loan is repaid in full. Usually the property is offered to secure the loan.
 
Additional Repayment
 
Extra funds paid into the loan in addition to the minimum monthly or weekly repayments. These extra funds reduce the term of the loan.
 
Adjustments

The process of allocating expenses, e.g. council rates, water rates, etc.

 

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