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Tag Archives: financial terms

Quick Cash Advance – A Basic Definition

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 [...]

Loan Modification (Definition)

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 [...]

Definition of Financial Acronym LTV

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: