* Fixed loan rate means the interest rate remains fixed for the entire length of loan.

* Variable rate loan means the interest rate varies in relation to one or more parameters specified in the loan contract.

* Combined Mortgage rate: the interest rate can change from fixed to variable (or vice versa) at fixed dates and/or under certain conditions specifically mentioned in the loan contract.

* Loan to two types of rates, the debt is divided into two portions, one is at fixed interest rate and the other one at variable interest rate.

* Depreciation is the process of a gradual repayment of the loan by paying a regular rate that include a share capital and share interests.

* Grace period: The initial period of the loan in which the installments are paid are made by the interest rate only.

* Rate: payment that the borrower carries out regularly for the rates repayment of the loan as contractually established (monthly, quarterly, half yearly, yearly, etc..). The installment is made up of a share capital, that is a part of the loan and from a share interest related to the interest owed to the bank for the loan;

* Constant Rate: the capital and interest sum, remains the same through the whole term of the loan;

* Increasing Rate: the amount of capital and interest rate, is growing as the number of paid installments grow;

* Decreasing Rate: the amount of share capital and share interests decreases with greater number of paid installments;

* Refund in a single solution: the rate, except the last, are made of interest only. The entire capital is returned in a single payment, at end of the loan contract, with the last installment.

* Plan for depreciation: is the plan for the repayment of the loan with an indication of the composition of the individual rate.

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