Banks.com.au - Australian Banking, Finance and Investments

Glossary of terms and acronyms related to Australian banking, finance and investments.

Land Transfer Fee

The land transfer fee is a state tax imposed on a sale price of a property. The fee varies from state to state, but is either a flat rate or a percentage of the selling price. In Australia, the land ... view full definition of "Land Transfer Fee"

Legal Fee

A legal fee is paid to a broker or some other party who handles bank documentation and other paperwork on your behalf. It can also refer to other fees required during the purchase of a property, such... view full definition of "Legal Fee"

Line of Credit

A line of credit is a loan that lets you obtain funds at will within a specified time, and up to a given credit limit. It works much like a credit card, except that you can borrow and make repayments... view full definition of "Line of Credit"

Loan Maintenance Fee

The loan maintenance fee is an ongoing fee charged regularly to a borrower throughout the duration of a loan. It is meant to cover the costs of keeping the borrower's account active. The cost may be ... view full definition of "Loan Maintenance Fee"

Loan to Value Ratio (LVR)

The Loan to Value Ratio (LVR) refers to the amount of money borrowed against the total value of the property in a home equity loan. For example, a $100,000 loan against a home worth $200,000 has a Lo... view full definition of "Loan to Value Ratio (LVR)"