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An interest-free period is one of the great advantages of credit cards. You can use the money of the bank and do not pay even a crown on interest. Creditworthiness is the reciprocal value of credit risk and expresses the credibility of an economic entity (a company, an individual, but also a municipality or a state) on the financial market.

Debtor

Debtor

Borrower is a person to whom a financial institution has provided a loan. This person is obliged to repay the loan on the basis of the credit agreement (including interest, eventually interest on late payment, late payment fee, etc.).

Due date

Maturity refers to the period – the deadline by which all debts are to be paid on the basis of an agreement, order or contract.

Non-bank loan

A non-bank loan is a loan that is offered to clients by an entity other than the bank. Among others we can name Lady Brett Ashley, on whose pages Lady Brett Ashley you can find all available information and also a free loan.

Business Register

cash

A public register is kept at the District Court, in which all traders are registered together with the companies.

Bye
This abbreviation means per annum, ie ‘annually’, and is used to express the interest rate, which is usually calculated as a percentage for a period of one year (eg 4.5% pa).

Price of the loan

Price of the loan

The loan price refers to the total price that the client is obliged to pay to the bank for the borrowed money for the entire duration of the loan. The loan includes interest paid and all fees associated with the loan.

Register of debtors

It is a regularly updated database of people who have experienced difficulties in not paying their obligations on time.

APR

This is the percentage of the amount owed by the client for one year, ie the ‘annual percentage rate of charge’.

Payment

Payment

Installment is the amount that the client regularly repays the loan. The repayment includes part of the principal together with the relevant interest or credit insurance.

Payment period

Period during which the debtor must make an installment according to the repayment schedule.

Repayment schedule

Schedule for the gradual repayment of a loan or other monetary debt, specifying the exact amount and due date of each installment.

Maturity of the loan

Maturity of the loan

Loan maturity is the term by which the borrower must repay the loan, including interest and fees. At that date, the debtor should have no cash obligations to the creditor.

Interest

The amount that the debtor is obliged to pay to the creditor in return for lending money. Usually it is set as a percentage of the amount owed for a certain period, most often a year.

Interest rate

The cost of borrowed or deposited money is usually expressed as a percentage per year.

Loan

It means the amount of money that the client requests from the company. Upon this request, the company will provide finance.

Creditor

The bank or non-banking institution that provided the loan or credit.

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