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ConsumerSavings.org's payday loans glossary can help you find terms and definitions for everything relating to payday loans…

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Glossary of Payday Loan Related Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Amortize

To pay off in regular installments over a loan term.

Appreciation

The value that an asset gains over a period of time, as opposed to depreciation.

APR (annual percentage rate), Interest Rate

The yearly rate charged to a consumer to borrow the finance company's money. APR is usually expressed as a percentage. If your interest rate is 7.5%, you will pay $75 per $1000 borrowed.

Asset

The items of value that you own.