Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Asset
An asset is effectively anything owned by an individual, which is considered to be valuable. In the case of secured loans, the applicants home would be viewed as the asset for which the loan is secured against.
