O'Reilly logo

The Complete Idiot's Guide to Person-to-Person Lending by Curtis E. Arnold, Beverly Harzog

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Appendix A
Glossary
adjusted gross income (AGI) Gross income minus allowable deductions. See net income.
 
annual percentage rate (APR) A measure of the total cost of borrowing over the term of the loan, including any additional fees associated with the loan.
 
annual percentage yield (APY) The effective annual rate of return when considering the effect of compound interest.
 
annual servicing fee The amount lenders pay to reimburse a P2P lending site, such as Prosper.com, for servicing loan payments from borrowers.
 
Applicable Federal Rate (AFR) The minimum interest rate set by the U.S. Treasury to calculate interest charges. Lenders must charge an interest that meets the minimum rate required by the federal government or the foregone interest ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required