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Tag Archives: financial terms

Quick Cash Advance – A Basic Definition

Sunday, December 6, 2009

This is a basic little description and definition of what a cash advance is, and why you would get one, or need one. Credit cards are everywhere and they can definitely be a source of quick cash in the form of a cash advance. Cash advances can be obtained at ATMs or by using checks [...]

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Loan Modification (Definition)

Wednesday, August 26, 2009

The definition of a loan modification is as follows; A loan modification is defined as “the modification of an existing loan agreement between a borrower and a lender, whereby the lender agrees to either; lower the payment amounts by spreading the loan over a longer term, lowering the APR (annual percentage rate – interest), combining [...]

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Definition of Financial Acronym LTV

Friday, January 2, 2009

LTV in financial terms is an acronym for “Loan To Value”. In basic this means the ratio between the appraised value of a property and how much the lender needs to borrow to buy it. An example would be:

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