Glossary | Funding

GLOSSARY

Glossary

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There are 8 Terms in this directory beginning with the letter L.
Lender
A Lender is an individual or organisation that lends money. For example, as the name suggests Funding.com.au are classed as a ‘lender’.

Leverage
To ‘Leverage’ is the ability to utilise equity within an asset to provide collateral for further debt facilities. For example, leverage is most commonly used when individuals obtain mortgages to purchase a home.

Lien/Charge
Lien is the legal right of a lender to claim the assets/collateral from a borrower who has not met their loan obligations.

Liquidity
Liquidity is used to describe the degree at which an asset/security can be bought or sold quickly without impacting the price

Loan
A Loan is the act of lending a sum of money, property or asset in exchange for future repayment. Here at Funding.com.au we provide fast and flexible loans to individuals and corporate entities wanting to borrow money against property in Australia.

Loan Extension
Loan Extension is the act of giving a borrower additional time to repay to their outstanding debt. For example, we may extend a loan for 3-6 months if the borrower is looking to refinance.

Loan Repayment
Loan Repayment is the act of paying back money previously borrowed from a lender.

Loan-to-Value Ratio (LVR)
The “Loan-to-Value Ratio”, known as LVR for short, is the ratio of the loan amount to the value of the property that we lend against. If a property is worth $1m and the LVR is 65%, we have lent $650,000.