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.
IVA
An IVA is a tool used by individuals who are unable to manage their personal debts. The tool allows the individual to make a proposal to their creditors, with the intention of writing off a proportion of their overall debt value.
