B Financial Terms

Balloon Payment

Loans

A massive lump-sum payment at the end of your loan, usually for cars. It drops your monthly payment, looks good on paper, but you need to pay it or re...

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Bank Statement

Banking

Your bank statement is basically a confession of your spending habits. It shows deposits, withdrawals, how much you're burning monthly, and what rando...

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Blacklisted

Credit

South Africans love to say they're 'blacklisted' — it's our way of saying you've got a dodgy credit record. Technically there's no actual blacklist, b...

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Bond (Home Loan)

Loans

A bond is what South Africans call a home loan — you borrow huge money to buy a house, the house itself is the security (they can sell it if you don't...

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Bond Originator

Loans

Someone who shops your home loan application to multiple banks at once instead of you walking into FNB, then Nedbank, then Absa, then Standard Bank se...

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Bridging Loan

Loans

You want to buy a new house but your old one hasn't sold yet. Or you're waiting on a big payment that's confirmed but not in your account. A bridging ...

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Budget

General

Your money plan. Write down what comes in (salary), what goes out (rent, food, debt, taxes), and what you've got left. Do it monthly. A solid budget s...

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Buy Now Pay Later (BNPL)

Credit

Buy stuff now, pay later in chunks. Usually interest-free if you pay on time. PayJustNow, PayFlex, and Float do this. Convenient but if you miss a pay...

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