L
Late charge
The penalty a borrower must pay when a payment is made
after the due date. [Back to top]
Lender
The Lender is the company who actually provides the money
for your loan. [Back to top]
Loan Limits
The minimum and/or maximum amount of money an applicant
may borrow from a lender during a specific time period. [Back to top]
Loan Term
The length of time the borrower has to repay debt. [Back to top]
Long Term Debt
Financing used to purchase or improve assets such as plant,
facilities, large equipment and real estate. [Back to top]
|
