Plain-language definitions of the words you meet when you borrow money: signature loans, installment loans, APR, origination and other fees, collateral, amortization, credit checks, and more. Each term is defined neutrally, the way a dictionary would, so you can read any loan agreement and understand your options.
42 terms
Desert Rock Capital is a licensed Utah installment lender. This glossary explains common lending terms in plain language so you can understand your options.
Desert Rock Capital makes personal, signature, and installment loans from $100 to $3,000, with no credit check and no collateral. Borrowing comes with its own vocabulary, and the words below appear across many lenders and loan types, not only here. Every definition on this page is written neutrally, the way a dictionary or financial-reference site would write it: what the term means and how it works, with no rates and no sales pitch. The goal is simple, to help you read a loan agreement, compare your choices, and decide what fits your situation.
- Loan types, from signature and installment loans to lines of credit
- Loan costs and fees, including APR, origination, late, and other fees
- Loan structure, such as amortization, term, and collateral
- Credit, approval, repayment, and the basics of how each works
Loan types
10Loan costs
13Loan structure
9Credit & approval
6Repayment & risk
4Know the terms? Put them to work.
Desert Rock Capital lays out every term in writing before you sign. A real decision comes back in about 30 minutes.
