Advertising

Prequalification

• Is an informal assessment of the creditworthiness of a potential borrower. Often it is a quick view of income versus existing obligations and expected obligations. For real estate transactions, it estimates the prospect's potential borrowing and buying capacity.

 
 Embedded terms in definition
 Income
Real estate

<< Prepayments Prerefunded bond >>

How to Ace Your First Test Managing Real Money in the Real World: As a teen, you're beginning to make some grown-up decisions about how to save and spend your money. That's why learning the right ways to manage money…right from the start…is important. Here are suggestions. More...

The greatest discovery of my generation is that man can alter his life simply by altering his attitude of mind. - James Truslow Adams

Advertising



Copyright ©2009-2018 GVC. All rights reserved.