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GLOSSARY

 GLOSSARY TERMS by Alpha
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Auto Loans
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4. Lower My Bills
Consolidation Loans
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Sale Certificate
Sale-leaseback
Salvage value
SBA
SBA Loan
Second mortgage, or junior mortgage
Secondary market
Secured loan
Security
Servicing
Settlement/Settlement Costs
Shared Appreciation Mortgage (SAM)
Short term debt
Simple Interest
Special forebearance
Stamp Duty
Standing Instructions
Statute of limitations
Statutory Charges
Step-rate mortgage
Subordinate
Subsequent Draw Fee
Subsidized second mortgage
Survey
Sweat Equity

Simple Interest

Interest which is computed only on the principle balance.

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