Glossary (click letters)
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.
The value of a company or individual's assets, including cash, less total liabilities.
An asset that cannot easily be converted into cash.
A written promise to pay a specified amount under the agreed upon conditions.
The interest rate stated on a mortgage note, or other loan agreement.