Homeowner Loans Glossary
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G.
Gross Income.
The total income of a person before deductions. This for example could be a person's
salary plus bonuses, plus benefits in kind (e.g.company car and medical insurance) plus
income from shares etc
Ground Rent.
A premium paid (usually annually) by a leaseholder to the freeholder.
Guarantor.
A person who has signed to be answerable to another persons debt.
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