Negative Amortization An increase in the balance of a loan caused by adding unpaid interest to the loan balance; this occurs when the payment does not cover the interest due.
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Net Worth The value of a company or individual's assets, including cash, less total liabilities.
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Nonliquid Asset An asset that cannot easily be converted into cash.
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Note A written promise to pay a specified amount under the agreed upon conditions.
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Note Rate The interest rate stated on a mortgage note, or other loan agreement.
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