Search results
Results from the WOW.Com Content Network
A bank walkaway is a decision by a mortgage lender (a bank) to not foreclose on a defaulted mortgage (when the borrower has ceased to make the payments), or to not complete foreclosure proceedings (to "walk away" from the mortgage).
The word calque is a loanword, while the word loanword is a calque: calque comes from the French noun calque ("tracing; imitation; close copy"); [5] while the word loanword and the phrase loan translation are translated from German nouns Lehnwort [6] and Lehnübersetzung (German: [ˈleːnʔybɐˌzɛt͡sʊŋ] ⓘ). [7]
Icelandic rafmagn, "electricity", is a half-calqued [definition needed] coinage that literally means "amber power". raf translates the Greek root ἤλεκτρον (ḗlektron), which means "amber" magn, "power", is descriptive of electricity's nature but not a direct calque from the source word "electricity" Samviska (conscience).
“To a lender, the length [of] time you’ve been making payments on a mortgage can make a great deal of difference if you wanted to change the terms by refinancing or take out equity all of a ...
The most common way to lower a personal loan rate is to take out another loan with a lower rate and use those funds to pay down the original loan balance. Annual percentage rate vs. interest rate
Loans without collateral are often a last priority when it comes to paying off your creditors after you die. But family could be responsible, depending on where you live. Learn more in our guide ...
A remortgage (known as refinancing in the United States) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. [1] The term is mainly used commercially in the United Kingdom, though what it describes is not unique to any one country.
Similarly, a loan taken out to buy a car may be secured by the car. The duration of the loan is much shorter – often corresponding to the useful life of the car. There are two types of auto loans, direct and indirect. In a direct auto loan, a bank lends the money directly to a consumer.