Posted: Tue Jun 21, 2005 2:45 am Subject: Debt Glossary for alphabet "H"
Hi,
I have enlisted all the major terminologies related to debt under alphabet H below -
Hazard Insurance: In case there is a loss due to fire or natural calamity an individual is assured protection. This is done in exchange for a premium which is paid to the insurer.
Home Equity Line of Credit: This is a credit line which is fixed once your home loans are paid in full. This has got a high credit limit which an individual can take loan from as and when required. It is somewhat similar to a credit card.