Word | Description |
---|---|
Instalment, principal and interest | Instalment Monthly and constant loan payments or repayments
Principal The part of the instalment corresponding to the payment of the borrowed amount
Interest The part of the instalment corresponding to the amount received by the bank for lending the amount in question |
Mortgage loan | A property or a similar asset (e.g. a car) is given as collateral for the loan |
Prophylactic isolation | A measure of social distancing for people who are supposed to be healthy and who may have been in contact with an infected patient |
Household | Spouses or unmarried partners and their direct relatives, up to 3rd degree relatives, such as children and parents, in cohabitation. (Concept for Social Security, by Decree-Law no. 70/2010) |
Insolvency | Situation in which the debtor is unable to comply with obligations that are due or where the value of the liabilities is higher than the value of the assets (Insolvency and Corporate Recovery Code) |