What’s a lock-in or a rate lock on a mortgage?
A lock-in, also known as a rate lock, is an agreement between a borrower and a lender that secures the interest rate on a mortgage …
Category: Personal Loan
What is the latest repo and reverse repo rate in India?
In the rhythmic dance of economic policy, where numbers hold the key to financial stability, two rates stand as silent orchestrators of monetary flow: the …
What Is Pari-Passu?
“Pari-passu” is a Latin phrase meaning “on equal footing” or “ranking equally.” In the context of finance and legal terminology, it refers to the principle …
What Is Garnishment? Definition, Causes, Process, and Legal Limits
Garnishment is a legal procedure through which a creditor can collect what they are owed by directly accessing the debtor’s funds or property held by …
