Glossary
Glossary of terms and acronyms related to Australian banking, finance and investments.
R
- Redraw Facility
- Redraw facility is a loan feature that allows you to make additional repayments and withdraw them anytime. It is one of the most utilized loan features and is offered by most commercial lenders. It ... view full definition of "Redraw Facility"
- Rental Guarantee
- Rental guarantee is a policy that ensures owners of a set return on their investment property. It covers a tenant's rental payments in case the tenant fails to make them, either due to death, illness... view full definition of "Rental Guarantee"
- Reverse mortgage
- A 'reverse mortgage' is a loan designed for senior citizens who want to convert their home equity into cash. Unlike a traditional mortgage, it does not require monthly repayments; instead, the paymen... view full definition of "Reverse mortgage"
- Rise and Fall Clause
- The Rise and Fall Clause is a provision in a building contract that allows the price of a property to move up or down according to changes in construction expenses. This may include worker wages, the... view full definition of "Rise and Fall Clause"
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