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Debt Glossary for alphabet "V"
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PostPosted: Tue Jun 21, 2005 4:55 am Subject: Debt Glossary for alphabet "V"
Hi,

I have enlisted all the major terminologies related to debt under alphabet V below -

Verification of Deposit (VOD): A written document signed and approved by the original creditor or the financial institution from where the borrower had taken the loan. This document verifies and authenticates the status of a borrower's financial records and transactions.

Voluntary Lien: A lender's legal claim for a property with the approval of the owner which includes payments for a pending debt amount and the services used.

Regards
Roxette
roxette
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