Mortgage Glossary
A
| B
| C
| D
| E
| F
| G
| H
| I
| J
| K
| L
| M
| N
| O
| P
| Q
| R
| S
| T
| U
| V
| W
| X
| Y
| Z
Negative Amortization An increase in the balance of a loan caused by adding unpaid interest to the loan balance; this occurs when the payment does not cover the interest due. |
Net Worth The value of a company or individual's assets, including cash, less total liabilities. |
Nonliquid Asset An asset that cannot easily be converted into cash. |
Note A written promise to pay a specified amount under the agreed upon conditions. |
Note Rate The interest rate stated on a mortgage note, or other loan agreement. |
Link to This Page:
