In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity.
The term "delinquent" commonly refers to a situation where a borrower is late or overdue on a payment, such as income taxes, a mortgage, an automobile loan or a credit card account. There are consequences for being delinquent, depending on the type, duration and cause of the delinquency.
Demographic is the statistical data of a population, especially those showing average age, income, education, etc
Depreciation is a reduction in the value of an asset over a given time period.
Property Development is a business venture covering anything from renovating property to purchasing and building on land.
Development Finance Loan
A Development Finance Loan is a loan to undertake a construction project. Unlike a bridging loan where the Loan to Value (LTV) is calculated on the current value of the security when the loan is made, for a DFL the LTV (LTGDV) is calculated against the future value, known as the Gross Development Value (GDV), of the security once the project is complete.
Diversification is an investment approach to ensure a wide variety of investments are made across a single portfolio. For example, if you were to diversify your investments using Lendy you could invest across loan sizes, in different locations, with different LTVs.
Drawdown is the process of sending money from our solicitors to the borrower.This happens once all documentation and security (legal charges) are registered and in place.
Due Diligence is a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential.