Glossary

Generation identifiers are affixed after a name and include IV, II, II, Sr., Jr., etc.

Similar to a zip code, this is a numerical identifier assigned to a specific area. It is based on information collected by the Federal Census

The period of time when you must pay the remaining bill amount so you don’t have to pay interest charges.

Your pre tax income prior to taxes and deductions.

The individual responsible for paying a bill.

A type of request for credit information that requests a borrower’s full credit report. A hard request deducts points from the credit score of the

The highest amount a debtor owes on an account to date.

This is a type of loan that allows a person to borrow more than their home is worth. Generally, a high-LTV loan is worth 125

The portion of a person’s home that they own. To calculate home equity, you would take the difference of the fair market value of the