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Debt Glossary for alphabet "H"
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PostPosted: 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.

Regards
Roxette
roxette
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