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GLOSSARY

 GLOSSARY TERMS by Alpha
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Late charge
Lease
Lease-purchase mortgage loan
Lemon Law
Lender's Title Insurance
Lending Rate
Leverage
Lien
Lienholder
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Line of credit
Linked Deposit
Liquid asset
List price
Loan
Loan Agreement
Loan fraud
Loan origination
Loan origination fee
Loan Tenure
Loan term
Loan-to-value (LTV) percentage
Lock-in
Long term debt
Loss mitigation
Loss Payable Clause

Loan-to-value (LTV) percentage

The proportion of the amount of the mortgage loan against the appraised value or sales price of the piece of property being pledged as collateral; e.g., a home with appraised value of $100,000 but with a $90,000 mortgage has a LTC of 90 percent

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