Loss
A financial shortfall where costs, liabilities or reductions in value exceed income or gains over a period or transaction.
Related terms
-
Interest
The cost of borrowing money, usually calculated as a percentage of the amount outstanding over time.
-
Loan term
The period over which a loan is scheduled to remain outstanding before final repayment.
-
Loan extension
An agreed change that pushes the loan maturity or repayment period to a later date, often affecting total interest cost.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help