Financial Term Index: S

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Secured Loan

Secured loan is a loan where the borrower pledges the right to ownership of an asset as collateral for their debt. This collateral usually acts

Stamp Duty

While processing a loan, there are a set of legal documents required. Stamp duty, otherwise known as stamp tax is the charge levied for making

Security

Security is a property which is pledged as collateral for a loan, which can be taken back by the lender if the borrower defaults on

Settlement

Settlement is when a creditor agrees to accept a reduced payment on a debt, giving up their right to the remainder that is outstanding.

Statute of Limitations

Statute of limitations is the maximum period of time after certain events that legal proceedings, based on those events, may be initiated. e.g. the length of

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