Glossary of Funding Terms - f

The amount of money a lender may charge to borrow a loan. A finance charge is also assessed by credit card companies on any unpaid monthly balances.
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A postponement of payment on a loan, typically if the borrower doesn't qualify for a deferment and is unable to make payments for a reason such as poor health. Interest continues to accrue during forbearance.
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Net worth in a nonprofit organization; total assets minus total liabilities.
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