Disclosure

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • unveilment
  • proclamation
  • declaration

Definition of Disclosure

  1. A statement that requires the creditor to tell the debtor the annual percentage rate, finance charges, and other terms of a loan. Such statements are compulsory in most provinces.
  2. A statement listing defects to a property, such as the existence of lead paint or ground contamination.

Related Terms and Acronyms

  • Mis-selling Bank,
    • The act of misleading a client into buying a product or service by deliberately misrepresenting the aforementioned product or service.
  • Interest Rate (IR) Bank, Very Important,
    • The rate a lender charges an individual to borrow money.
  • Finance Charge Bank,
    • Charges that include all of the interest expected to be earned over the life of a loan, in addition to the service charges, mortgage insurance premiums, and other loan-related charges.
  • Legal Fees and Disbursements Bank,
    • Charges paid on your behalf by a solicitor that are in addition to professional costs.
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