Glossary

Our Glossary provides definitions for several common terms you will likely encounter throughout the application and underwriting process.

Dexter Financial Glossary of Terms

Choose your glossary terms by clicking on the alphabetical index.

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• Payment Schedule

  A document that shows payment due dates for a specific obligation.

• Payoff

  Payment in full of a financial obligation.

• Personal Property

  Property owned by an individual or entity excluding land.

• Personal Property Tax

  Tax assessed by the taxing authority based on the value of personal property located within the taxing authorities jurisdiction.

• Principal Balance

  The amount of debt remaining on a financial obligation excluding interest.

• Property Insurance

  An insurance policy that covers real and/or personal property.

• Proposal

  An initial estimate of cost for the sale of goods and/or services.