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  2. Carry (arithmetic) - Wikipedia

    en.wikipedia.org/wiki/Carry_(arithmetic)

    Carry (arithmetic) In elementary arithmetic, a carry is a digit that is transferred from one column of digits to another column of more significant digits. It is part of the standard algorithm to add numbers together by starting with the rightmost digits and working to the left. For example, when 6 and 7 are added to make 13, the "3" is written ...

  3. Subprime lending - Wikipedia

    en.wikipedia.org/wiki/Subprime_lending

    v. t. e. In finance, subprime lending (also referred to as near-prime, subpar, non-prime, and second-chance lending) is the provision of loans to people in the United States who may have difficulty maintaining the repayment schedule. [1] Historically, subprime borrowers were defined as having FICO scores below 600, although this threshold has ...

  4. Leverage (finance) - Wikipedia

    en.wikipedia.org/wiki/Leverage_(finance)

    Leverage (finance) The use of borrowed funds in the purchase of an asset. In finance, leverage, also known as gearing, is any technique involving borrowing funds to buy an investment. Financial leverage is named after a lever in physics, which amplifies a small input force into a greater output force, because successful leverage amplifies the ...

  5. Interest - Wikipedia

    en.wikipedia.org/wiki/Interest

    This is an accepted version of this page This is the latest accepted revision, reviewed on 16 October 2024. For other uses, see Interest (disambiguation). Sum paid for the use of money A bank sign in Malawi listing the interest rates for deposit accounts at the institution and the base rate for lending money to its customers In finance and economics, interest is payment from a debtor or ...

  6. Peer-to-peer lending - Wikipedia

    en.wikipedia.org/wiki/Peer-to-peer_lending

    e. Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional ...

  7. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    Mortgage lending is the primary mechanism used in many countries to finance private ownership of residential and commercial property (see commercial mortgages). Although the terminology and precise forms will differ from country to country, the basic components tend to be similar: Property: the physical residence being financed.

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