
A
Acceptance Letter
 A letter from the applicant indicating his willingness to accept
the loan after the loan is approved by the banking institution.
Administrative Charges on Overseas Transactions  Charges
imposed on overseas transaction by the card issuer.
Administrative Fees  Various types of fees imposed by the
banking institution in relation to the loan, which are payable by
the borrower.
Amount Financed  Total facility granted to hirer calculated
as follows: Cash Price  Deposit + Freight (if any) + Vehicle
registration fee (if any) + Insurance premium (for 1 year).
Annual Fee  A flat fee payable annually once the credit card
is accepted. The fee is payable even though the card is not used.
Fees are imposed on principal and supplementary cardholders, unless
waived.
Annual Percentage Rate  The annual percentage rate is
calculated in accordance with the following formula:
2NF (300C + NF)
2N2F + 300C (N + 1)
Where:
N is the total number of installments.
C is the number of installments that, under the contract, will be
paid in one year or, where the contract is to be completed in less
than one year, the number of installments that would be paid in one
year if installments continued to be paid at the same intervals.
F is the amount determined in accordance with the formula
100C x T
N x A
Where:
C is the same number as the firstmentioned formula.
T is the total amount of the predetermined terms charges.
N is the total number of installments.
A is the amount financed.
Application Form  A form to be completed when applying for
loans, financing, or other banking products or services
from banking institutions.
Appraisal/Valuation Report  A written analysis of the
estimated value of real estate prepared by a licensed
Valuer/Appraiser.
Asset  Any item of economic value owned by an individual or
a corporation. Examples are cash, securities, accounts receivables,
stocks, office equipment, houses, cars, and other properties.
Authority Card  An identification card to be shown to the
hirer by the repossessor before repossession. The card has the
following details:
The name and address of the repossessor and banking institution.
Nature of appointment of the repossessor. The signature of an
authorized representative of the banking institution. 
