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Tenant 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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