Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
A number summarising your repayment history, used by lenders to price loans.
It sets your borrowing rate, which decides the prepay-or-invest question. Worth several lakh on one home loan.
The all-in rate you pay on debt, set largely by your credit score.
Any debt costing more than your realistic expected return is the highest-return investment available to you.