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Confused in the Home Loan jargon? Our glossary
will help you in understanding the basic loan related terms.
Browse through the glossary or serach for a term through the
menu to resolve any doubts.
Glossary of Home insurance
terms
N
Net worth
The value of all of a person's assets, including cash, minus
all liabilities.
Nonliquid asset
An asset that cannot easily be converted into cash.
Note
A legal document that obligates a borrower to repay a mortgage
loan at a stated interest rate during a specified period
of time.
Notice of default
A formal written notice to a borrower that a default has
occurred and that legal action may be taken.
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