B Financial Terms
4 terms starting with B.
Balloon Payment
LoansA large lump-sum payment due at the end of a loan term, commonly used in vehicle finance to reduce monthly instalments. While a balloon payment makes ...
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CreditA colloquial South African term meaning you have a negative credit record, such as defaults, judgments, or debt review listings. Technically, credit b...
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Budget
GeneralA financial plan that estimates your income and expenses over a specific period, usually monthly. A budget helps you track where your money goes, prio...
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Buy Now Pay Later (BNPL)
CreditA type of short-term financing that allows you to purchase goods and pay for them in instalments, often interest-free if paid on time. Popular BNPL pr...
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