Home >> Glossary >> Glossary of terms

Glossary of terms

Find out the meaning of those technical terms. Click the letter that the word begins with.

A B C D E F I L M N O P R S T U V W Y

In a table loan your payment remains the same for the lifetime of the loan. During this time you are paying back both principal and interest. At the beginning of your loan you are mostly paying off the interest on your original debt, as you move closer to the end of the loan term the ratio of principal that you are paying off increases.