Business Terms and Jargon Explained

What is Equity Line

Is the same as equity loan.  It is the amount of credit you can get on your property or properties.

 This collateral based credit line is calculated on the bases of the appraised value times a percentage (let say 75%) and then deducts the amount outstanding on mortgages and other loans on the property.

Appraised value  = 200,000

75%
 
 = 150,000

Less outstanding mortgages ,loans

 = 70,000

Credit line

 = 80,000

   There are other factors that will affect your equity line and equity rates e.g.

  • Ability to pay

  • Income

  • Current debts

  • Financial accountability

  • Financial responsibility

  • Credit history

  • Age of mortgage

  • Partners

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


Search Term   

Balloon Payment Trade discount Cost per click
Crypto-jacking Assets Internet and email usage policy
Floating Charge Malum in se Junk bonds
AGM N337 Civil Court form Marginal Cost Pricing
Lempira Operational risk Firmware
Epicenter Community Acquis In terrorem
Health insurance EX550 Civil Court form Bull Market
Input Tax Global Accounting Buy-out
Transposition - EU Class Licence Operating profit
Drill Down Depreciation JCO
Copyright Tribunal Insider selling Office Of Exit
committal Above-board Building Society
Money Transfer Abroad Dead Wood Vendors

Term created / updated 2006-03-28 10:29:31

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2021 Scopulus Limited. All rights reserved.