{"id":1793,"date":"2023-09-05T16:49:24","date_gmt":"2023-09-05T16:49:24","guid":{"rendered":"https:\/\/www.lendnation.com\/?page_id=1793"},"modified":"2025-10-14T14:18:43","modified_gmt":"2025-10-14T14:18:43","slug":"glossary","status":"publish","type":"page","link":"https:\/\/www.lendnation.com\/resources\/glossary\/","title":{"rendered":"Glossary"},"content":{"rendered":"\n<section class=\"wp-block-group alignfull p-accordion is-style-default has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"padding-top:var(--wp--preset--spacing--90);padding-bottom:var(--wp--preset--spacing--90)\">\n<div class=\"wp-block-group l-container has-global-padding is-layout-constrained wp-container-core-group-is-layout-82686151 wp-block-group-is-layout-constrained\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\">\n<p class=\"has-text-align-center theme-color-secondary is-style-overline has-legal-font-size\" style=\"margin-top:0\">Definitions and Resources<\/p>\n\n\n\n<h1 class=\"wp-block-heading alignwide has-text-align-center has-display-large-font-size\" id=\"h-lendnation-financial-terms-glossary\" style=\"margin-top:var(--wp--preset--spacing--20)\">LendNation Financial Terms Glossary<\/h1>\n\n\n\n<p class=\"has-text-align-center alignwide theme-color-secondary\" style=\"margin-top:var(--wp--preset--spacing--30)\">We are clearly defining complex terms in a way that makes them easy for our customers to understand. Click on a term in this financial terms glossary to learn more. <\/p>\n\n\n\n<div class=\"c-glossary\">\n\t<div class=\"c-glossary__inner\">\n\t\t<nav class=\"c-glossary__nav\">\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-A\"\n\t\t\t\t>\n\t\t\t\t\tA\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-B\"\n\t\t\t\t>\n\t\t\t\t\tB\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-C\"\n\t\t\t\t>\n\t\t\t\t\tC\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-D\"\n\t\t\t\t>\n\t\t\t\t\tD\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-E\"\n\t\t\t\t>\n\t\t\t\t\tE\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-F\"\n\t\t\t\t>\n\t\t\t\t\tF\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-G\"\n\t\t\t\t>\n\t\t\t\t\tG\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-H\"\n\t\t\t\t>\n\t\t\t\t\tH\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-I\"\n\t\t\t\t>\n\t\t\t\t\tI\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-J\"\n\t\t\t\t>\n\t\t\t\t\tJ\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-K\"\n\t\t\t\t>\n\t\t\t\t\tK\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-L\"\n\t\t\t\t>\n\t\t\t\t\tL\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-M\"\n\t\t\t\t>\n\t\t\t\t\tM\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-N\"\n\t\t\t\t>\n\t\t\t\t\tN\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-O\"\n\t\t\t\t>\n\t\t\t\t\tO\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-P\"\n\t\t\t\t>\n\t\t\t\t\tP\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-Q\"\n\t\t\t\t>\n\t\t\t\t\tQ\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-R\"\n\t\t\t\t>\n\t\t\t\t\tR\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-S\"\n\t\t\t\t>\n\t\t\t\t\tS\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-T\"\n\t\t\t\t>\n\t\t\t\t\tT\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-U\"\n\t\t\t\t>\n\t\t\t\t\tU\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-V\"\n\t\t\t\t>\n\t\t\t\t\tV\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-W\"\n\t\t\t\t>\n\t\t\t\t\tW\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-X\"\n\t\t\t\t>\n\t\t\t\t\tX\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-Y\"\n\t\t\t\t>\n\t\t\t\t\tY\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a class=\"c-glossary__nav-item\"\n\t\t\t\t   href=\"#glossary-Z\"\n\t\t\t\t>\n\t\t\t\t\tZ\t\t\t\t<\/a>\n\t\t\t\t\t<\/nav>\n\t\t<div class=\"c-glossary__items\">\n\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-A\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2716 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Account<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;An account is a financial arrangement with a bank or other financial institution that allows individuals or businesses to deposit, withdraw, and manage their money. Common types of accounts include savings accounts, checking accounts, and investment accounts.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14785,&quot;3&quot;:{&quot;1&quot;:0,&quot;3&quot;:1},&quot;9&quot;:0,&quot;10&quot;:1,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:3,&quot;3&quot;:1},&quot;15&quot;:&quot;Lato&quot;,&quot;16&quot;:10}\">An account is a financial arrangement with a bank or other financial institution that allows individuals or businesses to deposit, withdraw, and manage their money. Common types of accounts include savings accounts, checking accounts, and investment accounts.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/account\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11451 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>account number<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An account number is a set of numbers assigned to your bank account. It works with a routing number to make sure money moves to the right place. You may use your account number to set up payments, receive deposits, or manage a payment plan.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/resources-wiki-account-number\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3042 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>ACH<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>ACH stands for Automated Clearing House, a network used for electronically moving money between bank accounts across the United States. It is commonly used for direct deposit payments, bill payments, and other electronic transactions.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/ach\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3044 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Advance Payment<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>This is a payment made ahead of its normal schedule, such as paying for a good or service before you actually receive it. It&#8217;s like putting down a deposit or pre-paying for something.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/advance-payment\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2030 wiki type-wiki status-publish has-post-thumbnail hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Amortization Schedule<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A detailed table that outlines the repayment plan for an amortizing loan, showing each payment&#8217;s breakdown of principal and interest over time.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/amortization-schedule\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2933 wiki type-wiki status-publish has-post-thumbnail hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Annual Percentage Rate (APR)<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The Annual Percentage Rate (APR) is the cost you pay each year to borrow money. The APR includes interest and fees and is expressed as a percentage.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14785,&quot;3&quot;:{&quot;1&quot;:0,&quot;3&quot;:1},&quot;9&quot;:0,&quot;10&quot;:1,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:3,&quot;3&quot;:1},&quot;15&quot;:&quot;Lato&quot;,&quot;16&quot;:10}\">The Annual Percentage Rate (APR) is the cost you pay each year to borrow money. The APR includes interest and fees and is expressed as a percentage.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/annual-percentage-rate\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2996 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Annuity<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An annuity is a financial product, often used for retirement savings, that pays out a fixed stream of payments to an individual over time. It&#8217;s like buying a plan that gives you regular payments in the future, usually after retirement.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/annuity\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3057 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Appreciation<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Appreciation refers to the increase in the value of an asset over time. It&#8217;s when something you own, like a house or stock, becomes more valuable than when you first bought it.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/appreciation\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3062 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Asset<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An asset is anything of value or a resource of value that can be converted into cash. Assets include things like cash, real estate, stocks, or personal property.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/asset\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3063 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Automatic Bill Payment<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>This is a method of paying bills automatically through a bank account or credit card, typically on a set schedule. It&#8217;s a convenient way to ensure bills are paid on time without having to manually process each payment.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/automatic-bill-payment\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-B\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-7263 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Bad Credit Loans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A bad credit loan is a loan designed for individuals with low or poor credit scores who may not qualify for traditional bank financing. These direct lender loans include payday loans, personal installment loans, title loans, or lines of credit that offer quick access to money with flexible requirements.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/bad-credit-loans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2095 wiki type-wiki status-publish has-post-thumbnail hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Balance Transfer<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The process of moving an existing debt from one credit card or loan to another, often to take advantage of lower interest rates or better terms.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/balance-transfer\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3065 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Bank Statement<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A bank statement is a summary of financial transactions that occurred over a period of time on a bank account. It shows all deposits, withdrawals, and other activity in your account during a specific period, like a month.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/bank-statement\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3064 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Banking<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Banking is the business of providing financial services, such as deposits, loans, investments and payments, to individuals, businesses and other organizations. Banking involves accepting deposits from customers, granting credit in exchange for those deposits and using those funds to make loans or investments. Banks use the money they receive from customers to generate income by investing it in various assets, such as stocks or bonds.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/banking\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3067 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Base Pay<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Base pay is the initial rate of compensation an employee receives, not including extra bonuses, overtime, or other additional payments. It&#8217;s the core salary or wage before any additional perks are added.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/base-pay\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3066 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Beneficiary<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A beneficiary is a person or entity designated to receive benefits from a financial arrangement or instrument, like a will, trust, insurance policy, or retirement account, after the death of the owner or policyholder.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/beneficiary\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3146 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Bonds<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Bonds are a type of investment where you lend money to an entity (like a government or corporation) in exchange for periodic interest payments plus the return of the bond&#8217;s face value at its maturity date. It&#8217;s essentially a loan you give out that&#8217;s supposed to be paid back with interest.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/bonds\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2112 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Borrower<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An individual or entity that receives funds from a lender with the agreement to repay the borrowed amount, typically with interest.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/borrower\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3068 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Budgeting<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Budgeting is the process of creating a plan to spend your money. It involves setting financial goals, tracking income and expenses, and planning how to allocate funds to meet various needs and goals.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/budgeting\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10441 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Budgeting Apps<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Budgeting apps are tools on your phone or computer that help you track spending, plan bills, and set savings goals. Many can connect to bank accounts and send helpful alerts, and a simple spreadsheet is a good alternative if you prefer not to link accounts.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/budgeting-apps\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11560 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Business Day<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">A business day is a weekday when banks and most businesses are open. In the United States, this usually means Monday through Friday, excluding federal holidays. Business days matter because banks handle deposits, withdrawals, loan funding, and payment processing during these times.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/business-day\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10928 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Buy Now Pay Later<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Buy now, pay later (BNPL) is a payment option that lets you split a purchase into smaller payments over time. You make a down payment\u2014usually at checkout\u2014and pay the rest through scheduled installments. Some plans may charge interest or fees, especially for late or missed payments.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/buy-now-pay-later\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4942 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Buydown<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400\">An arrangement where a borrower makes additional payments that exceed their required <\/span><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/repayment-plans\/\"><span style=\"font-weight: 400\">loan repayment<\/span><\/a><span style=\"font-weight: 400\">, specifically allocating the extra funds towards the principal balance of the loan.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/buydown\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-C\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4836 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>529 College Savings Plan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A tax-advantaged investment plan operated by a state or educational institution designed to help families save for future college costs.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/529-college-savings-plan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5876 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Cash Advance<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A cash advance is a short-term loan that provides instant funds, typically borrowed against a future paycheck or a credit line, offering a quick financial solution during emergencies.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/cash-advance\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3148 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Cash Back<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Cash back refers to a perk offered by some credit and debit cards, where a percentage of the amount spent is returned to the cardholder. It&#8217;s like getting a discount on purchases, where the savings are given back to you as cash or credit on your account.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/resources-wiki-cash-back\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5877 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Check Cashing<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Check cashing is a service that converts checks into cash without the need for a personal bank account. It&#8217;s a quick way to access money from payroll, government, or personal checks when you need funds immediately.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/check-cashing\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11153 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Check Verification<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Check verification is the process a business or bank uses to confirm a check\u2019s details before accepting or depositing it. Verification can help reduce fraud and check errors, but it\u2019s not a guarantee that funds will clear.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/check-verification\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3147 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Checking Account<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A checking account is a bank account that allows for easy access to your funds for daily transactions, such as deposits, withdrawals, and payments. It&#8217;s the go-to account for managing your day-to-day money flow.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/checking-account\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2114 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Collateral<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An asset or property that a borrower pledges as security for a loan. If the borrower defaults, the lender can seize and sell the collateral to recover the loan amount.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/collateral\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3094 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Commodity<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, including agricultural products, minerals, and energy resources.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/commodity\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3149 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Cosigner<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A cosigner is someone who agrees to pay off a loan if the main person borrowing the money can&#8217;t make the payments. This helps a lot when you&#8217;re trying to get a loan but might not have the best credit history or enough income by yourself. This can make it easier for you to get approved for a loan, especially if it&#8217;s your first time borrowing money or you need a bigger loan.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/cosigner\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3190 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Cost of Living<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Cost of living refers to the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time. It&#8217;s a measure of how expensive it is to maintain a certain lifestyle.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/cost-of-living\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4837 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Credit Building<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The process of improving your credit score through responsible credit practices, such as timely payments and maintaining low balances on credit cards.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/credit-building\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4838 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Credit Bureaus<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Organizations that gather and keep individual credit information, which they provide to lenders, employers, and other entities to help them make decisions regarding lending money, granting credit, or offering employment.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/credit-bureaus\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4941 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Credit Obligation<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A legally binding agreement where a <\/span><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/borrower\/\"><span style=\"font-weight: 400;\">borrower<\/span><\/a><span style=\"font-weight: 400;\"> agrees to repay a lender as per the terms specified in the contract. This can include payments on loans, credit cards, and other forms of borrowed money.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/credit-obligation\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-7265 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Credit Report<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A credit report is a summary of your financial behavior and history. It includes information about your credit accounts, payment history, balances, and any recent loan applications. It\u2019s created and maintained by the three major credit reporting agencies: Equifax, Experian, and TransUnion.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/credit-report\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2115 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Credit Score<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A credit score is a numerical expression based on a statistical analysis of an individual\u2019s credit information, which is used to represent the creditworthiness of that individual.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/credit-score\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2120 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Credit Utilization<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The percentage of a borrower&#8217;s available credit limit that is currently being used. It is an important factor in calculating credit scores.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/credit-utilization\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-D\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3060 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Debit Card<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A debit card is a payment card that deducts money directly from a consumer\u2019s checking account to pay for a purchase, eliminating the need to carry cash or physical checks.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/debit-card\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3070 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Debt<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Debt refers to money borrowed by one party from another under the condition that it is to be paid back at a later date, typically with interest. It can range from loans and credit cards to any form of owed money.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/debt\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11402 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>debt avalanche method<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">The debt avalanche method is an extra payment strategy that focuses on interest rates. When you reduce the balance with the highest interest first, less interest builds over time. This can shorten your payoff timeline and lower total costs. Everyone\u2019s situation is different, and results vary.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/debt-avalanche-method\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2121 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Debt Consolidation<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Combining multiple debts into a single loan or payment to simplify financial management and potentially reduce interest costs.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/debt-consolidation\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11395 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>debt snowball method<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">The debt snowball method is an extra payment strategy that puts the smallest balance at the top of your list. When you pay off that first balance, you \u201croll\u201d the amount you were paying into the next smallest debt. This creates momentum and easy-to-see progress.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/debt-snowball-method\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5186 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Debt-to-Available-Credit Ratio<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The percentage of your total available credit that you are using at any given time. It is calculated by dividing your total outstanding debt by your total available credit limits.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/debt-to-available-credit-ratio\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3097 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Debt-to-Income Ratio<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The Debt to Income Ratio (DTI) measures the percentage of a person&#8217;s gross income that goes towards paying debts. It is a key indicator used by lenders to assess an individual&#8217;s ability to manage monthly payments and repay debts.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/debt-to-income-ratio\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3192 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Deductible<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A deductible is the amount paid out of pocket by the policyholder before an insurance provider will cover any expenses.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/deductible\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2122 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Default<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Failure by a borrower to meet the agreed-upon terms of a loan, such as missing payments or not repaying the loan at all.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/default\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3191 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Dependent<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A dependent is a person who relies on another, typically a family member, for financial support.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/dependent\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3194 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Depreciation<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/depreciation\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3193 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Direct Deposit<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Direct deposit is an electronic payment method that deposits funds directly into a recipient&#8217;s bank account.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/direct-deposit\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-7266 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Direct Lender<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A direct lender is a financial institution or company that provides loans directly to borrowers, without using brokers or referral services. These can include direct lender payday loans, direct lender installment loans, and other direct lender no credit check options.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/direct-lender\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5617 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Disclosures<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">In the context of financial services, disclosures refer to the mandatory information that lenders must provide to borrowers. This information typically includes interest rates, fees, repayment terms, and other critical details about a loan product.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/disclosures\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10862 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Discretionary Income<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Discretionary income is the money you have left after paying taxes and essential expenses. Essentials include housing, utilities, food, transportation, insurance, and minimum debt payments. This is different from disposable income, which is the amount left after taxes but before subtracting your basic expenses.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/discretionary-income\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11452 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Disposable income<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Disposable income is your after-tax income. It shows how much money reaches your bank account or paycheck after required taxes. This number helps you see what you can use to cover essentials, savings goals, and debt payments.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/resources-wiki-disposable-income\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-E\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3896 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Earned Income<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Earned income is the money derived from paid work, including wages, salaries, bonuses, and other employment compensation.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/earned-income\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3932 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Economic Conditions<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Economic conditions refer to the state of a country\u2019s economic system and its current phase of the business cycle.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/economic-conditions\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5875 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Emergency Fund<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">An emergency fund is a financial safety net designed to cover unexpected expenses or financial emergencies. This reserve of money helps protect individuals from incurring debt when faced with unforeseen circumstances like medical bills, car repairs, or job loss.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/emergency-fund\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-7735 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Emergency Loans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">An emergency loan is a fast, short-term loan designed to cover unexpected or urgent expenses. These loans may come in the form of payday loans, installment loans, or unsecured personal loans and are often available the same day you apply.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/emergency-loans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2123 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Equity<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The value of an asset, such as a property or investment, minus any outstanding debts or liabilities.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/equity\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2157 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Escrow<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A separate account where funds are held by a third party, typically to cover property-related expenses such as taxes and insurance.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/escrow\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-F\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2159 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>FICO Range<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">FICO scores range from 300 to 850. See what each band means and how scores may affect loan options and rates. Learn the basics and what lenders may review.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/fico-range\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2158 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>FICO Score<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A credit score based on an individual&#8217;s credit history, used by lenders to assess the borrower&#8217;s creditworthiness.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/fico-score\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-7736 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Financial Goals<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">These are targets you set for how you want to use your money. These can be big or small, short-term or long-term. They help you make smarter choices, stay on track, and feel more confident about your finances.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/financial-goals\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10861 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Financial Hardship<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Financial hardship is when your income or expenses make it difficult to pay for basic needs like housing, utilities, food, transportation, or debt payments. It is a period when money is tight, and you must make tough choices about which bills to pay first.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/financial-hardship\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-7737 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Financial Literacy<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">This means having the knowledge to understand money topics like saving, budgeting, credit, and loans, and using that knowledge to make smart financial decisions.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/financial-literacy\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5187 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Financial Planning<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Learn financial planning basics: budgeting, saving, goal-setting strategies. LendNation offers support and resources to help build your secure financial future.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/financial-planning\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5613 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Flexible Loans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A type of loan that offers borrowers flexibility in terms of payment options, <\/span><span style=\"font-weight: 400;\">repayment<\/span><span style=\"font-weight: 400;\"> amounts, and access to borrowed funds, so you can manage borrowing costs according to personal financial situations.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/flexible-loans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-8395 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Foreclosure<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Foreclosure happens when a person can\u2019t keep up with their mortgage payments, and the bank or lender takes back the home to sell it and recover the money owed.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/foreclosure\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11152 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Freelance<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Freelance means earning money from short-term or ongoing projects instead of one regular employer. Freelancers often work in jobs like rideshare driving, deliveries, design, writing, or skilled trades. Income can vary from week to week, so budgeting and planning are key.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/freelance\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11561 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Funding Timeframe<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">A funding cut-off time is the latest point in the day when everything must be finished for funding to move forward. This often includes submitting required documents, completing verification, and receiving approval. Each lender sets its own cut-off times, and they can vary by product and state.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/funding-cut-off-time\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11562 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Funding Timeframe<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">A funding cut-off time is the latest point in the day when everything must be finished for funding to move forward. This often includes submitting required documents, completing verification, and receiving approval. Each lender sets its own cut-off times, and they can vary by product and state.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/nsf-fee\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-G\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10929 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Gig Economy<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The gig economy means earning money from short-term or on-demand work, like driving for a rideshare company, making deliveries, freelancing online, or taking seasonal or task-based jobs. Instead of one steady paycheck, gig workers often get paid by the job or per project. That can make planning and budgeting extra important.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/gig-economy\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2160 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Grace Periods<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A specified period after the due date during which a borrower can make a late payment without incurring penalties.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/grace-periods\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5614 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Gross Income<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The total amount of money earned by an individual or a business before any deductions or taxes are subtracted.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/gross-income\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-H\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2177 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Hard Inquiries<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A credit check made by a lender or financial institution when a borrower applies for a loan, potentially affecting the borrower&#8217;s credit score.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/hard-inquiry\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3933 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Health Savings Account<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A Health Savings Account (HSA) is a tax-advantaged account created to help individuals save for medical expenses that high-deductible health plans don&#8217;t cover.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/health-savings-account\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2178 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>HELOC (Home Equity Line of Credit)<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A revolving line of credit secured by the equity in a borrower&#8217;s home, allowing them to borrow funds as needed.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/heloc\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3937 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Homeowners Insurance<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Homeowners insurance is a form of property insurance that covers losses and damages to an individual&#8217;s house and assets in the home.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/homeowners-insurance\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3934 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Household Expenses<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Household expenses are non-discretionary expenses necessary for the maintenance of the home and daily living.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/household-expenses\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3935 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Household Income<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Household income is the combined gross income of all members of a household, typically used to understand the household\u2019s economic standing.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/household-income\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-I\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3938 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Identity theft<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Identity theft is the deliberate use of someone else&#8217;s identity, typically as a method to gain a financial advantage or obtain credit and other benefits.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/identity-theft\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11403 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>In-store lending<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>In-store lending is a way to apply for a loan by meeting with a team member at a local store. You share basic information, show your documents, and review the terms in person. Many people choose this option if they want face-to-face help or need to ask questions before they apply.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/in-store-lending\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10437 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Income Verification<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Income verification is how a lender confirms what you earn before offering a loan. Common proof includes recent pay stubs, W-2s, bank statements, 1099s, or benefit letters, and the exact documents can vary by loan and by state.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/income-verification\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5188 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Individual Taxpayer Identification Number (ITIN)<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A tax processing number issued by the IRS to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security number (SSN).<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/individual-taxpayer-identification-number-itin\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3973 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Inflation<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Inflation is the rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/inflation\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-1971 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Installment Loan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A loan with a fixed number of regular payments (installments) covering both principal and interest over a predetermined period.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/installment-loan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5616 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Instant Cash<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Money obtained quickly and with minimal processing time, often used to meet urgent financial needs.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/instant-cash\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2180 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Instant Debit Card Funding<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Instant debit card funding is available when you choose to pre-authorize the repayment of your installment, title, line of credit, or payday loan with the same debit card used to fund it.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/instant-debit-card-funding\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3974 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Internal Revenue Service<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The Internal Revenue Service (IRS) is the U.S. government agency responsible for tax collection and tax law enforcement.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/internal-revenue-service\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-J\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-3975 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Job Market<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The job market is the market in which employers search for employees and employees search for jobs. It refers to the unemployment rate, available positions, and wages offered.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/job-market\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2181 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Joint Accounts<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A Joint Account is an account held by two or more individuals who share responsibility for its management and any associated debts or liabilities.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/joint-accounts\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-K\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2182 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Kiosk Banking<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A banking service that allows customers to perform basic financial transactions, such as deposits and withdrawals, at self-service kiosks.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/kiosk-banking\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-L\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2459 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Lender<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The entity or individual that provides funds to a borrower with the expectation of repayment, typically with interest.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/lender\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4016 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Lien<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A lien is a legal right granted by the owner of property, by a law or otherwise acquired by a creditor. A lien serves to guarantee an underlying obligation, such as the repayment of a loan.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/lien\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2460 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Line of Credit<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;A line of credit is a more flexible type of loan compared to an Installment Loan or Payday Loan, and you can use it whenever you need extra cash. You can borrow up to a set amount, your credit limit, and pay it back over time or right away, and then borrow again up to the same limit.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14793,&quot;3&quot;:{&quot;1&quot;:0,&quot;3&quot;:1},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;9&quot;:0,&quot;10&quot;:1,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Lato&quot;,&quot;16&quot;:10}\">A line of credit is a more flexible type of loan compared to an Installment Loan or Payday Loan, and you can use it whenever you need extra cash. You can borrow up to a set amount, your credit limit, and pay it back over time or right away, and then borrow again up to the same limit.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/line-of-credit\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4017 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Liquid Assets<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Liquid assets are assets that can be quickly and easily converted into cash without significant loss of value.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/liquid-assets\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4084 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Loan Application<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A loan application is a process by which a potential borrower applies for a new loan, and a lender processes that application.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/loan-application\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4083 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Loan Term<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The loan term is the duration of time from when the loan is given to when it is completely paid off.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/loan-term\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2461 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Loan-to-Value Ratio<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A financial ratio that compares the amount of a loan to the appraised value of the asset being financed, often used in real estate lending.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/loan-to-value-ratio\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-8396 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Long-Term Lenders<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Long term lenders are lenders that offer loans with longer repayment periods, often several months or years. These loans give borrowers more time to pay back the money they borrow in smaller, more manageable payments.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/long-term-lenders\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-M\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2462 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Maturity Date<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The date on which a loan or financial instrument must be repaid in full.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/maturity-date\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4019 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Minimum Payment<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The minimum payment is the lowest amount of money that one is required to pay on a credit card statement each month.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/minimum-payment\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4020 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Money Order<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A money order is a prepaid piece of paper, similar to a check, used for making payments.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/money-order\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-N\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2463 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Negative Amortization<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A situation in which a borrower&#8217;s payments do not cover the interest due, causing the loan balance to increase.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/negative-amortization\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4266 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Net Income<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Net income is the amount of actual earnings remaining after all deductions, including taxes and social security contributions, have been subtracted from an individual&#8217;s gross income.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/net-income\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2464 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Net Worth<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The difference between an individual&#8217;s or entity&#8217;s total assets and total liabilities, representing their overall financial value.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/net-worth\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-O\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11455 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Online lending<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Online lending lets you apply for a loan without visiting a store. You complete the steps on your phone or computer and review your agreement digitally. Many people choose online lending for convenience and clear, step-by-step guidance.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/online-lending\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5190 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Online Loan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">A type of loan that is applied for, processed, and disbursed over the internet, allowing for fast processing and convenience without the need for visiting a bank or loan office.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/online-loan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-8397 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Online Shopping<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Online shopping is when you buy things over the internet using your phone, tablet, or computer instead of going to a store.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/online-shopping\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2465 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Origination Fee<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A fee charged by a lender to cover the costs associated with processing a loan application.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/origination-fee\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2466 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Overdraft<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A situation in which a bank account&#8217;s balance goes below zero, allowing the account holder to make transactions but incurring fees or interest.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/overdraft\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4267 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Overdraft Fee<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Understand what overdraft fees are, how they can impact your finances, and practical strategies to avoid them.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/overdraft-fee\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4268 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Overdraft Protection<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Overdraft protection is a financial service offered by banks that prevents transactions from causing your account to fall below zero by automatically transferring funds from a linked account.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/overdraft-protection\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-P\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2467 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Payday Loan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Payday loans and online payday loans are short-term cash loans of small dollar amounts typically paid back with your next paycheck. A payday loan can give you access to quick cash when you need it most, whether it\u2019s for daily expenses or unexpected emergencies.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/payday-loan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4269 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Payment History<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Payment history is a record of how consistently and timely an individual makes payments on their debts, significantly influencing their credit score.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/payment-history\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10859 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Payment Plan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A payment plan is an agreement to repay a balance in smaller, scheduled amounts over time. Instead of paying one large sum, you break the cost into payments you can manage. These payments often line up with your payday, such as biweekly payments or monthly installments. A plan gives you structure, with clear due dates and a defined payoff timeline.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/payment-plan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4940 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Personal Finance<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">Learn the basics of personal finance, including budgeting, saving, and investing to manage your money wisely. <\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/personal-finance\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5189 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Personal Loan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span data-sheets-root=\"1\">An unsecured loan provided by banks, online lenders, or other financial institutions that is used for personal, not business or commercial use. It is based primarily on the borrower&#8217;s creditworthiness rather than collateral.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/personal-loan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2468 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Pre-Qualification<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An initial assessment by a lender to estimate a borrower&#8217;s eligibility for a loan, based on basic financial information provided by the borrower.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/pre-qualification\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2244 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Principal<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The initial amount of money borrowed, excluding interest and fees.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/principal\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4270 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Promotion<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A promotion is an advancement in employment status, typically involving a higher position, increased responsibilities, and better compensation, acknowledging an employee&#8217;s contributions and potential.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/promotion\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-Q\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-R\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4835 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>401k Retirement Plan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A retirement savings plan sponsored by an employer that lets workers save and invest a portion of their paycheck before taxes are taken out.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/401k-retirement-plan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4271 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Recession<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A recession is a period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in successive quarters.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/recession\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4273 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Renters Insurance<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Renters insurance is a special type of insurance policy for people who rent their homes. This could be an apartment, a condo, or any other rental property. It&#8217;s designed to help protect you from unexpected costs like theft, damage, or personal injury that occurs in your home. It\u2019s like having a backup plan that helps you handle surprises without breaking the bank.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/renters-insurance\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2245 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Repayment Plans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A structured schedule for repaying a loan, specifying the amount and frequency of payments.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/repayment-plans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-9413 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Risk Management<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>This is the process of understanding financial risks and using smart strategies to protect your money in everyday life. In personal finance, this means knowing what could hurt your finances and taking steps to reduce the impact.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/risk-management\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-S\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-11151 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Financial Emergency<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A financial emergency is a sudden cost or loss of income that makes it hard to pay for essentials like housing, utilities, food, transportation, or required debt payments. These situations can happen quickly, and knowing your first steps can help you stay organized and protect your household.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/financial-emergency\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-5618 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Salary<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is typically paid in regular installments, such as bi-weekly or monthly.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/salary\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10930 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Same Day Funding<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Same day funding means you could receive your loan money on the same calendar day your loan is approved and finalized. This timing depends on several factors, including when you apply, how your bank processes deposits, and your chosen funding method. Funds may be available as soon as the same day, where available and if approved.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/same-day-funding\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4892 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Savings Account<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A bank account that earns interest and is used for storing money not needed for daily expenses.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/savings-account\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2246 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Secured Loans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A loan that is backed by collateral, which the lender can seize if the borrower defaults.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/secured-loans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2247 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Securitization<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The process of bundling loans or financial assets into securities that can be bought and sold in financial markets.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/securitization\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4943 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Short-Term Lender<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A financial institution or individual that provides loans for a short duration, typically requiring repayment within a year or less.<\/span><\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/short-term-lender\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4893 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Student Loan Forgiveness<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Programs designed to cancel or reduce the amount you owe on student loans under certain circumstances, often related to your job or if you make payments for a certain number of years.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/student-loan-forgiveness\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-T\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4834 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>1040 Tax Form<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The standard Internal Revenue Service (IRS) form that individuals use to file their annual income tax returns. It includes sections to report your income, calculate deductions, and determine the amount of taxes owed or the refund due.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/1040-tax-form\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4894 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Take-Home Pay<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Take-home pay, also known as net pay, is the amount of money you actually receive in your paycheck after all deductions are taken out. These deductions can include taxes, Social Security, health insurance premiums, and retirement contributions.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/take-home-pay\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-9441 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Tariff<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A tariff is a tax that a government places on goods imported from other countries. This tax is usually paid by the company bringing the goods into the country. Tariffs can make imported items more expensive, which might encourage people to buy similar products made locally.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/tariff\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4899 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Tax Bracket<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A tax bracket is a range of incomes taxed at a particular rate. In the United States, the federal income tax system is progressive, meaning that as your income increases, the tax rate on your income can also increase.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/tax-bracket\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10438 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Tax Form W-9<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Form W-9 is an IRS document used to request your taxpayer identification number and certain certifications. Businesses use it to prepare information returns such as a 1099; it is not a tax return. If you do not provide a correct TIN, backup withholding may apply.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/tax-form-w-9\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4898 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Tax Refund<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A tax refund is money you get back from the government when you&#8217;ve paid more in taxes throughout the year than what you actually owed. This overpayment can happen for a few reasons, such as too much being withheld from your paychecks or you qualifying for deductions or credits that reduce your total tax bill.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/tax-refund\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4896 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Taxes<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Taxes are payments made to local, state, or federal governments, meant to fund public services like schools, roads, and public safety. Everyone contributes a bit from their earnings or spending, which helps keep these essential services running.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/taxes\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2248 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Title Loans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A short-term loan in which the borrower uses their vehicle&#8217;s title as collateral.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/title-loans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-U\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4513 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Unbanked<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The status of not using banks or banking services to conduct financial transactions, often due to lack of access, trust, or sufficient funds.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/unbanked\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4555 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Underbanked<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Individuals or families who manage their finances through cash transactions instead of more traditional financial services such as bank accounts, credit cards, or loans.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/underbanked\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2249 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Underwater Mortgage<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A situation in which the outstanding balance of a mortgage exceeds the current value of the underlying property.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/underwater-mortgage\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2250 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Underwriting Loans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>The process by which lenders evaluate a borrower&#8217;s creditworthiness and risk before approving a loan.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/underwriting-loans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4556 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Unsecured Loans<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An unsecured loan is a type of loan issued by a lender without requiring the borrower to offer any collateral, such as property, vehicles, or other valuable assets, as a security for the debt. Instead, the approval and terms of the loan are typically based on the borrower\u2019s creditworthiness, financial history, and income.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/unsecured-loans\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-V\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2251 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Variable Interest Rates<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>An interest rate that can change over time, typically based on market conditions or a predetermined index.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/variable-interest-rates\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4557 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Variable Rate Loan<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A loan where the interest rate can change, based on changes in an index interest rate.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/variable-rate-loan\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2252 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Variable Rate Mortgages<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A mortgage with an interest rate that can change periodically, often in response to changes in a specific financial index.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/variable-rate-mortgages\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4558 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Volatility<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A statistical measure of the dispersion of returns for a given security or market index. In most cases, the higher the volatility, the riskier the security.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/volatility\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-W\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4559 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>W2 Form<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Form W-2, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/w2-form\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-10436 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Wealth Management<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Wealth management is a plan for your money that combines budgeting, saving, paying down debt, and setting long-term goals. It is about making steady, everyday choices to build financial stability over time.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/wealth-management\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4560 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Withdrawal<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A withdrawal involves removing funds from a bank account, savings plan, pension, or trust.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/withdrawal\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4561 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Write Off<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Learn what a write off is, including tax write offs and how they can reduce your taxable income. Discover the meaning behind write offs.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/write-off\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-X\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-Y\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4808 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Yield<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>In finance, yield is the earnings generated and realized on an investment over a particular period of time, expressed as a percentage based on the investment&#8217;s cost, its current market value, or its face value.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/yield\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"c-glossary__alpha-section\" id=\"glossary-Z\"><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-2253 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Zero Down Payment<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A financing option in which the borrower does not make an initial down payment when purchasing a property or asset, with the full purchase price financed by the lender.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/zero-down-payment\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4809 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Zero-Balance Account<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A checking account set up to have a zero balance at the end of each business day. Funds are transferred into the account as needed to cover checks or withdrawals and any excess is moved out.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/zero-balance-account\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4820 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Zero-Based Budgeting<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>A budgeting method where all expenses must be justified for each new period, starting from a &#8220;zero base,&#8221; with no balances carried forward and no pre-assumed continuation for any budget item.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/zero-based-budgeting\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"wp-block-post c-glossary__item post-4833 wiki type-wiki status-publish hentry\">\n\t\t\t\t\t\t<h6 class=\"c-glossary__heading\">\n\t\t\t\t\t\t\t<strong>Zombie Debt<\/strong>\n\t\t\t\t\t\t<\/h6>\n\t\t\t\t\t\t<p>Old debts that are past the statute of limitations or already settled but are resurrected by debt collectors trying to pressure you into paying.<\/p>\n<p><a href=\"https:\/\/www.lendnation.com\/resources\/wiki\/zombie-debt\/\">Learn More<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\n\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Definitions and Resources LendNation Financial Terms Glossary We are clearly defining complex terms in a way that makes them easy for our customers to understand. Click on a term in this financial terms glossary to learn more.<\/p>\n","protected":false},"author":18,"featured_media":2200,"parent":2035,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1793","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Financial Terms Glossary | LendNation<\/title>\n<meta name=\"description\" content=\"Explore the LendNation financial terms glossary to understand key financial concepts. Learn more about lending terms and financial terms here.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lendnation.com\/resources\/glossary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glossary\" \/>\n<meta property=\"og:description\" content=\"Explore the LendNation financial terms glossary to understand key financial concepts. Learn more about lending terms and financial terms here.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lendnation.com\/resources\/glossary\/\" \/>\n<meta property=\"og:site_name\" content=\"LendNation\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-14T14:18:43+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.lendnation.com\/resources\/glossary\/\",\"url\":\"https:\/\/www.lendnation.com\/resources\/glossary\/\",\"name\":\"Financial Terms Glossary | LendNation\",\"isPartOf\":{\"@id\":\"https:\/\/www.lendnation.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.lendnation.com\/resources\/glossary\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.lendnation.com\/resources\/glossary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png\",\"datePublished\":\"2023-09-05T16:49:24+00:00\",\"dateModified\":\"2025-10-14T14:18:43+00:00\",\"description\":\"Explore the LendNation financial terms glossary to understand key financial concepts. Learn more about lending terms and financial terms here.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.lendnation.com\/resources\/glossary\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.lendnation.com\/resources\/glossary\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.lendnation.com\/resources\/glossary\/#primaryimage\",\"url\":\"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png\",\"contentUrl\":\"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png\",\"width\":1833,\"height\":1225,\"caption\":\"Learn about important financial and lending terms by reading LendNation's Glossary of Terms\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.lendnation.com\/resources\/glossary\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.lendnation.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Resources\",\"item\":\"https:\/\/www.lendnation.com\/resources\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Glossary\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.lendnation.com\/#website\",\"url\":\"https:\/\/www.lendnation.com\/\",\"name\":\"LendNation\",\"description\":\"Online Payday Loans - Installment, Title Loans\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.lendnation.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Financial Terms Glossary | LendNation","description":"Explore the LendNation financial terms glossary to understand key financial concepts. Learn more about lending terms and financial terms here.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lendnation.com\/resources\/glossary\/","og_locale":"en_US","og_type":"article","og_title":"Glossary","og_description":"Explore the LendNation financial terms glossary to understand key financial concepts. Learn more about lending terms and financial terms here.","og_url":"https:\/\/www.lendnation.com\/resources\/glossary\/","og_site_name":"LendNation","article_modified_time":"2025-10-14T14:18:43+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lendnation.com\/resources\/glossary\/","url":"https:\/\/www.lendnation.com\/resources\/glossary\/","name":"Financial Terms Glossary | LendNation","isPartOf":{"@id":"https:\/\/www.lendnation.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lendnation.com\/resources\/glossary\/#primaryimage"},"image":{"@id":"https:\/\/www.lendnation.com\/resources\/glossary\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png","datePublished":"2023-09-05T16:49:24+00:00","dateModified":"2025-10-14T14:18:43+00:00","description":"Explore the LendNation financial terms glossary to understand key financial concepts. Learn more about lending terms and financial terms here.","breadcrumb":{"@id":"https:\/\/www.lendnation.com\/resources\/glossary\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lendnation.com\/resources\/glossary\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.lendnation.com\/resources\/glossary\/#primaryimage","url":"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png","contentUrl":"https:\/\/www.lendnation.com\/wp-content\/uploads\/2023\/12\/LendNation-Glossary-of-Terms.png","width":1833,"height":1225,"caption":"Learn about important financial and lending terms by reading LendNation's Glossary of Terms"},{"@type":"BreadcrumbList","@id":"https:\/\/www.lendnation.com\/resources\/glossary\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lendnation.com\/"},{"@type":"ListItem","position":2,"name":"Resources","item":"https:\/\/www.lendnation.com\/resources\/"},{"@type":"ListItem","position":3,"name":"Glossary"}]},{"@type":"WebSite","@id":"https:\/\/www.lendnation.com\/#website","url":"https:\/\/www.lendnation.com\/","name":"LendNation","description":"Online Payday Loans - Installment, Title Loans","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lendnation.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/pages\/1793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/comments?post=1793"}],"version-history":[{"count":8,"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/pages\/1793\/revisions"}],"predecessor-version":[{"id":10842,"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/pages\/1793\/revisions\/10842"}],"up":[{"embeddable":true,"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/pages\/2035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/media\/2200"}],"wp:attachment":[{"href":"https:\/\/www.lendnation.com\/api\/wp\/v2\/media?parent=1793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}