Glossary

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C

 

Compare
To consider or describe as similar, equal, or analogous; liken. To examine in order to note the similarities or differences of. Grammar. To form the positive, comparative, or superlative degree of (an adjective or adverb).

 

Comparison
The act of comparing or the process of being compared.
A statement or estimate of similarities and differences. The quality of being similar or equivalent; likeness: no comparison between the two books. Grammar. The modification or inflection of an adjective or adverb to denote the positive, comparative, and superlative degrees, as in English, along with the equative degree in certain other languages, such as Irish Gaelic.

 

Commercial Loans
A short-term renewable loan used to finance a company's immediate working capital needs.

 

Consolidate Debt
The action of combining several loans or liabilities into one loan. Put another way, debt consolidation is the process of taking out a new loan to pay off a number of other debts. Most people who consolidate their debt are usually doing it to attain a lower interest rate, or the simplicity of a single loan. Also known as a "consolidation loan".

 

Consolidation
The act or process of consolidating; The state of being consolidated; The merger of two or more commercial interests or corporations.

 

Consolidation Loan(s)
The combining of a number of loans into a single new loan. Consolidation typically extends your repayment period and lowers your monthly payments, thereby greatly increasing the amount of interest you pay over the life of your loan.

 

Construction Loans
A short-term loan, often unsecured, to a builder or developer to finance the costs of construction. The lender generally requires repayment from the proceeds of the borrower's permanent mortgage loan. The lender may make periodic payments to the borrower as the construction work progresses.

 

Consumer
One that consumes, especially one that acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing.

 

Costs
The total money, time and resources associated with a purchase or activity.

Credit Card Debt Consolidation
Merging all your credit card debts into one loan payment.