Glossary - Letter W

Money Healthcheck knows the finance world is full of terms, phrases, buzz words and jargon. The below terms will help you with terms beginning with the Letter W

On this page we explain,
Wedding Loan > Waived Interest

Wedding Loan

A wedding loan is one type of finance that is granted for a specific event, in this case a wedding.
Whether you are the parents who wish wish to give their daughter the best wedding day ever, or if you are planning the wedding of a life time and paying for it yourself, then help may be required in the form of a wedding loan. You can take out a wedding loan to make that special day just that bit more special. It could be finance that is used to pay for an absolutely once in a life time honeymoon, you could honeymoon in which ever country you wished with a wedding loan. A wedding loan is basically a type of personal loan, which could be used to pay the many fees involved in getting married.
The loan could be used to rent out the location required to host the service itself or it could be used to pay for the transport to and from the service, a classic car maybe. Whatever wedding service you have in mind a personal loan could be used to supply the finance required to make it a day to remember.

Waived Interest

Waived interest is usually a temporary incentive used to attract customers to lenders products. Waivered interest means that the interest normally charged is not. This is only a temporary offer, but it means that for that short period of time any debt will not incur further increases through interest interest charges. Waived interest is usually associated with credit cards, as issuers use this offer as an incentive to attract new customers to take or use their cards. Obviously while the interest is waivered lenders do not make any profit, but there is always the chance that they may attract customers who are interested in using other financial products that they offer.