How to Buy a Home by Emily Power
Author:Emily Power
Language: eng
Format: epub
ISBN: 9780143787914
Publisher: Penguin Random House Australia
One-minute dictionary
Here’s a list to help you understand the foundations of finance journalism and market lingo – useful for dinner party conversation, making sense of the business pages of a newspaper, and making sense of a conversation with your bank manager.
Approval in principle
This is a gesture from a lender that they are prepared to loan you a certain amount, often also called ‘pre-approval’ or ‘conditional approval’. However, it’s not a done deal – there are future steps that need signing off.
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