Student loans glossary

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Glossary

urlop-macierzynski.net APR
Annual Percentage Rate of Charge
CCJ
Country Court Judgment - A court order against a debtor to pay money owned
Mortgage
A loan to purchase a home where the property is used as security in the event of non-payment
Status
The credit worthiness or otherwise of a potential borrower
Terms
Period of a loan expressed in months or years
Valuation
Estimated worth or value of a property for mortgage purposes

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