It's much easier to start with good habits than to repair black marks later on.                                                                 



You are invited to the most effective program available to clear mistakes made by creditors.



Once you have obtained excellent credit, it is necessary for you to protect it.                                             

Financial Glossary
Understanding Financial, Credit, & Real Estate Terms


 A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | XYZ  

Labor value of money  —  A theory that holds that the value of a good is determined by the value of the labor that went into making it.

Lease financing  —  A specialized area of finance dealing with renting property owned by a lender, financing the leases of a company engaged in rentals, financing the purchase of an item to be leased out by a borrower.

Legal tender laws  —  Government laws that decree that creditors are required to accept an asset (such as paper money or coins) in settlement of debts and that the government will accept the asset in payment of taxes. When paper money and coins are a legal tender and people use them to settle a debt, the obligation is considered to be paid in full.

Lender of last resort  —  As the nation's central bank, the Federal Reserve has the authority and financial resources to act as "lender of last resort" by extending credit to depository institutions or to other entities in unusual circumstances involving a national or regional emergency, where failure to obtain credit would have a severe adverse impact on the economy.

Leverage   —  The ability to use a small amount of money to attract other funds, including loans, grants and equity investments.

Liability   —  Money an individual or organization owes; same as debt.

Lien   —  A creditor's claim against a property, which may entitle the creditor to seize the property if a debt is not repaid.

Liquidity   —  Quality that makes an asset easily convertible into cash with relatively little loss of value in the conversion process. Sometimes used more broadly to encompass credit in hand and promises of credit to meet needs for cash.

Liquidity risk  —  In banking, risk that a depository institution will not have sufficient cash or liquid assets to meet borrower and depositor demand.

Load  —  The fee a brokerage firm charges an investor for handling transactions.

Loan  —  A sum of money lent at interest.