Mortgage Glossary
Build up your knowledge by using our
mortgage glossary, here to help you
understand the sometimes confusing terms
used to describe mortgages and other
financial related products. We have
laid out our glossary in an easy to use A-Z
Format. If you have any additions you would
like to see, please feel free to contact us
with your ideas. If you are looking for
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| net profit |
| The gross profit of a company (total turnover of products sold less costs to purchase or manufacture) less all other expenses. When net profit figures are quoted, the author usually makes it clear whe (More) |
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| net profit after tax |
| The net profits of a company after taxation. This is the 'bottom line' that you often hear about. Dividends are paid out of net profits after tax, and the amount that isn't paid out is the retained pr (More) |
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| net profit before tax (pre tax profit) |
| The net profits of a company before they are reduced by Corporation Tax.
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| non conforming mortgage |
| A Mortgage which does not meet the standard of the lender.
See Adverse Mortgage |
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