Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

High-Ratio Loan

Updated on 2023-08-29T11:58:53.879795Z

A high-ratio loan is a type of loan where only a relatively small down payment is required. It is a loan in which the value of the loan is high compared to the value of the property which is used as collateral. For instance, a mortgage loan with a down payment of less than 20 per cent of the property price.