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.
Outgoings
Outgoings summarise the entirety of a persons financial commitments and are usually calculated on a monthly basis. When applying for a loan, a person's outgoings will be used to decide if the plan is realistically affordable.