CREDITOR >> An individual or entity to whom money is owed.

CURRENT LIBOR INDEX >> A interest rate indicator used in adjustable-rate mortgage loans. The LIBOR Index changes daily and is published in The Wall Street Journal.

DATEDOWN ADDENDUM >> An update to the Preliminary Title Report/Title Commitment that reflects any changes to title since the original title report was prepared.

DEBT CONSOLIDATION LOAN >> A loan that combines debt obligations into one debt.

DEBT LOAD >> The total amount of debt a customer currently owes.

DEBT RATIO (DR) >> The percentage of the customers’ gross monthly income allocated to pay the monthly installments on their debt owing.

DEBTOR >> One who owes debt.