B Financial Terms

Balloon Payment

Loans

A 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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Blacklisted

Credit

A 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

General

A 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)

Credit

A 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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