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Old 06-21-2005, 02:45 AM
roxette roxette is offline
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Default 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
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