Auto Loans
Vehicle Depreciation
The decline in a vehicle’s market value over time caused by age, wear, mileage, and market conditions.
📚 Financial Knowledge Base
Financial Industry Glossary & Underwriting Guide
Master essential home mortgage, auto financing, interest rate, and underwriting terminology with interactive calculators, mathematical formulas, and practical lending guidelines.
Terms Starting With "V"
Showing 3 definitionsMortgagesVA
VA Loan (Department of Veterans Affairs)
A zero-down-payment residential mortgage guaranteed by the U.S. Department of Veterans Affairs for eligible veterans, active-duty service members, and surviving spouses.
Auto Loans
Vehicle Title Loan
A high-cost, short-term predatory loan collateralized by a borrower’s unencumbered motor vehicle title, typically charging 15% to 25% monthly finance fees (180% to 300% APR).