In our financial-credit dictionary you will find definitions that will meet the online loan application. Learn the definition of financial terms and visit our blog about online loans. Buy the perfect knowledge before making a decision !.
Advance – the amount paid for the services provided or for the work done. It is issued to cover the expenses required to perform the task. In case of non-fulfillment of the obligation, the advance is subject to withdrawal. Auto leasing – an alternative source of vehicle purchase, which allows you to buy a car through the loan and pay the price step by step. The leasing company is buying a car for you, and you pay a company tax on a monthly basis. Vehicle leasing is often only an ID or passport and a car passport is required. The service is available for any user.
Auto Loans – Auto Loan allows customers to purchase a car
Ensure that the car is purchased and the lien remains until the loan is fully repaid. Extract – Extract the operations performed on the bank account, reflecting the transfer, withdrawal and payments. Banking extraction is available at the branch or via Internet Bank. Deposit – The amount deposited by the user in the bank. Deposits will be opened with different conditions. At the time of deposit, the client can withdraw the money at any time. Term or collectable deposit for a period of at least 3 months. Their interest rates are higher. Payment – Pay in cash or cashless form. Transfer process to the recipient. Annuity – a form of loan repayment, which means covering the principal amount and interest on the loan with equal shares. Bank loans are paid under the principle of an annuity coverage, which means that the customer pays as the principal amount of credit and percentage. Annuity coverage does not apply to online loans. The client pays the commission, which does not cover the principal amount. Non-bank loan – Non – bank loans are quick loans. A quick loan online will be issued online. The creditor does not ask for the concepts and the time to pay is minimal. Outsourcing – Transfer of certain obligations to another party For example, the company does not want to hire a person and hire a company to perform a specific function. The asset – the value that the company owns. There is a current and long-term asset.
- Current – assets that convert money into less than 1 year.
- Long-term – assets that convert money into more than 1 year.
Action – a long – term securities that grants the shareholder the right to equity and receives a dividend of dividends. Stakeholder – a person who owns shares of stock companies. The shareholder has the right to sell the securities, make a profit and get involved in the management of a joint stock company. Exchange – a market where a deal is made on securities, currency, financial instruments and purchase and sale of various goods; The Exchange serves as a mediator between the buyer and the seller. Deposit – Payment of the loan over the deadline for the deadline, at the desired time. During the preset, the client pays the commission.
The advantage of the service is that it is possible to pay the money later and it does not negatively affect credit history. Transfer – Non – cash payment transaction through which the payer’s account is transferred to the recipient’s account. Installment – a loan that can be used to purchase the desired item in a variety of facilities. Installment – extension of time During the installment the customer receives the desired item in advance and the money is gradually paid. The online installment is a relatively new service, which can be purchased remotely by the internet. Collateral – property that can be used to ensure liability. For example, when buying a mortgage loan, Car loan in case of auto loan Debt – financial obligation of the borrower before the financial institution that must be fulfilled. Insurance – One of the financial instruments for risk management, which allows the person to compensate for damages. Insurance – a risk management tool that allows customers to compensate for damages Lending – the financial institution’s loan. Issuance of money back on the condition of a refund and payment of a pre-agreed interest rate. Method of accrual – Accounting methodology during which a transaction or transaction is recognized as an income or expenditure on the service (regardless of whether the amount is paid or paid).
Reminder of outstanding liability – Reminder to pay off debts that are sent by email or SMS
Debt – a negative balance on a bank account that occurs when using the user over the bank account for more money. The debit service is available if the bank will give the Debit Limited Credits. Dividend – profit earned by the shareholder. The acquisition of shares is often a dividend, but it is often bought for the purpose of increasing its price over time. The total number of dividends is determined after the payment of profits. Electronic signature – electronic signature signature, which has a legal force. Recently, he has been actively using financial companies. The electronic signature and the standard signature have equal legal force. The user signifies the signature to get acquainted with the terms and agrees with it. Chairperson – A person who undertakes an obligation to stand before the creditor to perform the latter’s liability. The financial company has the right to charge the borrower entirely in case the borrower does not pay the money.
The company also enhances the volume of lenders’ income during the loan approval
If the borrower has to take a loan, the bank considers these loans as his obligation. If the debtor does not fulfill the obligation, it shall be fulfilled. Identification – Part of fast lending companies requests to transfer 1 tetri of a symbolic amount on its account, which aims to verify the borrower’s account. Inflation – the increase in prices, which is why the money is negligible. The purchasing capacity is reduced. Inflation may be caused; At the request, when the total demand exceeds the supply.
At the expense of the service prices are rising due to the price increase on raw materials. With a price when several businesses will increase the price to increase the profit. Sector, when the growth in one sector in the other sectors increases the price. Mortgage Loan – Loan is intended for the purchase, repairs or construction of real estate. A requirement for such a loan is required. The mortgage loan will be issued to both physical and legal entities. Legal entity – organized entity having its property. A legal entity can be created for commercial, profitable or non-profit purposes. Non-profit legal entities may exist in the form of links or funds. Lease – Use of someone else’s property in exchange for a temporary payment. The lessor shall be obliged to maintain the property in the same condition throughout this period. Equity – any resource of the company; Cash, securities, movable assets and other material items. Distinguish between main and working capital. Consolidation –
This is a combination of two or more loans in one financial liability that reduces the cost of service
Credit – the amount that only the banking institution will issue on the basis of a particular contract. Creditinfo Georgia – Credit Information Bureau, which lays up the customer credit history of the database. Provides Financial Institutions in decision making processes. According to the data, banks, microfinance organizations, leasing companies – whose activities are related to loan issuance, credit service delivery. Creditworthiness – characterization of the Borrower (Borrower), which determines its ability to recover the timely and fully loaned loan. Creditworthiness is determined by the indicators reflecting personal credit history and timely performance of financial liabilities, current financial position and prospects for its improvement. In case of necessity, the possibility of mobilizing monetary means from different sources. Leasing – Financial lease. The leasing company shall transfer the property to the consumer for a certain period of time with the right to purchase this property. During leasing, ownership rights are retained on the lease subject, and the leasing receiver receives it for temporary use. After the lease agreement expires, customers can purchase a lease object, continue the contract or return the lease property to the owner. Gross Domestic Product – The total value of products and services produced within a year. GDP is one of the methods of calculation of national revenues that can measure the level of life of the country. Gross domestic product is calculated quarterly and annual periodically.
Gross domestic product is calculated using cost, revenue and production method
Debtor’s Register – “Debtor’s Register” is a database of individuals and legal entities who did not fulfill their financial commitment as a loan. The National Bureau of the “Debtor Registry” provides continuous updating and availability of data. These data are displayed on the website of the National Bureau of Enforcement, where it is possible to find information on persons registered in the Debt Register. Bonds – Securities, which represents the issuer company’s obligation to return the holder’s nominal value to the bond. At the same time, the interest will be paid. The holder of the bond receives more interest on deposits. Offer – by filling the application of the loan by the user, confirming the terms and conditions of the agreement and the contractual conditions placed on the company’s website. Penalty – the amount of money that the customer has to pay for non-performance or improper performance. Plastic card – a payment instrument issued by the Bank, used to withdraw money, to pay, to collect or to perform other banking operations. Prolongation – Extension of official documents Including contract, agreement, payment, etc. Interest – the sum that is used for the use of the monetary method Refinancing – the consumer’s full or partial repayment by a new loan from the same or other financial companies. Bank Account – Consumer Cash Deposit, which is located in the bank. Banks offer different types of accounts: the universal account is the same card account that is opened in four currencies. Standard report is a multicurrency account that does not follow the card.