ABA
Australian Bankers' Association
ABIO
the Australian Banking Industry Ombudsman (ABIO) provides an avenue through which customers can make complaints about their bank and have them dealt with independently.
Acceptance
to agree to the terms of an offer or contract
Accrued Interest
interest you have earned or incurred that is yet to be paid or charged.
Additional Repayment
extra funds paid into the loan over and above the minimum prescribed repayments.
Adjustments
the process of allocating expenses (Council, electricity, phone, water rates) has paid for but not used, and which the buyer has not used but will be billed.
Agent
person or body authorised to act on behalf of a client in the sale, purchase or management of property.
All In One Loan
a loan, generally variable, that allows you to deposit all your income into the loan account and then withdraw money from the loan account for all your day to day purchases and transactions. The longer spare funds stay in the account, the greater the interest savings.
Allotment
a block of land created out of larger area.
Amortisation Period
the period of time one has to repay a loan at the arranged terms.
Application Fees
fees charged to cover or partially cover the lender's internal costs of setting up a loan approval for a home buyer
Appraised Value
estimate of the value of a property being used as security for a loan.
Arrears
an overdue account yet to be paid.
At Call
a bank account from which money can be withdrawn immediately.
Auction
public sale of property with ownership going to the highest bidder, subject to a reserve price being reached.