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Personal Loans Glossary
financial terms and phrases for homeowners and tenants
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Take Home Pay.
The amount of money available after all deductions from a persons salary or wage.
Tenancy Agreement.
An agreement signed by the landlord and the tenant stipulating the cost and the term of tenancy. Tenancy
agreements are often renewed after 6 months.
Tenant.
A person who rents the property they live in (including council tenants and private tenants).
Tennant.
Common mis-spelling for tenant, as above.
Term.
A period of time that a loan can be repaid over.
Title.
The right to legal ownership of property.
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