Glossary

Financial terminology explained in plain language. Click any term to learn more.

A

Amortization

Asset Finance

B

Balloon Payment

C

Capitalized Cost

Collateral

Credit Score

D

Depreciation

Down Payment

E

Equity

F

Finance Lease

Fixed Rate

Flat Rate

G

Grace Period

Guarantor

I

Interest Rate

L

Leaseback

Lessee

Lessor

Logbook Loan

M

Money Factor

O

Operating Lease

P

Principal

R

Reducing Balance

Residual Value

S

SACCO

Secured Loan

T

Tenor

V

Variable Rate

W

Working Capital

Y

Yield