Repaired rates: That loan where rate of interest does not transform into the title of financing otherwise throughout the a certain time period, regardless of whether the Set-aside Bank certified dollars rate rises otherwise off.

Drifting rates: An interest rate one alter in the event the authoritative dollars price lay from the Put aside Lender of new Zealand rises otherwise off.

Guarantee: A hope you create to blow someone else’s financing once they are not able to satisfy their necessary payments otherwise break its loan deal. Known as an undertaking.

Lender: A loan company providing a loan. Labeled as a collector, as they are giving some borrowing. Sigue leyendo →