Portal Commercial Finance Ltd - © 2006

LTV - Loan to value
The amount of a loan expressed as a percentage of the security.
ERP - Estimated Realisation Price
The price at which a valuer would expect the security to sell.

ERRP - Estimated Restricted Realisation Price
The price at which a valuer would expect a security to be sold within a specified time period.

Fixed Rate
A loan where the rate of interest is fixed for a specified time period.

Variable Rate
A loan where the rate of interest varies in step with an indexed rate.

Redemption Period
A sum to be paid if the loan is repaid before its termination date.