Glossary
Glossary of terms and acronyms related to Australian banking, finance and investments.
H
- Holding Deposit
- A holding deposit is a small fee made to indicate one's interest in buying a property. It shows the seller that you are seriously interested in the property and serves as a go-signal to take further ... view full definition of "Holding Deposit"
- Home Equity Loan
- A home equity loan is a loan secured by the equity or part of the value of the property. Also called a second mortgage, it allows you to borrow money off your home's equity for major expenses, such a... view full definition of "Home Equity Loan"
- Honeymoon Rates
- A honeymoon rate is a discounted initial rate designed to make loan offers more attractive to borrowers. Honeymoon rates are usually offered for a brief introductory period, typically the first 6 to ... view full definition of "Honeymoon Rates"
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