Loan terms
InterestLoanPrincipleSHaD-6Underwriter
Each loan has a set of characteristics including loan amount, term, interest rate, fees, recourse, repayment schedule, and amortization. Loans can also take various forms. When looking for and dealing with debt, you will come across standard jargon and complicated documents. It is important to understand the terminology (or look it up) as you ask questions, negotiate and enter into contracts.
