Financial Terms

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The outstanding sum to be paid on a loan, excluding interest and fees.
When the amount of money taken from a bank account is greater than the amount actually available in the account, the excess is known as this…
A written instrument which authorizes one person to act as another's agent. It may be for a definite, specific act, or it may be general in nature.
An arrangement made with a bank that allows a third party to transfer money from a person's account on agreed dates, typically in order to pay bills.
Someone who owes monies to another party.
A deposit of funds that can be withdrawn without any advance notice
An individual or financial institution from which money can be borrowed, with the expectation that the money will be returned with interest.
A debt instrument used in a real estate transaction where the property is the collateral for the loan.