• Balloon / Residual: Lump sum owing at end of term.
• Comparison rate: Rate including fees for fairer comparisons.
• LVR: Loan-to-value ratio; lower is safer for lenders.
• Break cost: Early exit fee, typically on fixed loans.
• ECM: Employee Contribution Method—reduces FBT dollar-for-dollar.
• Gross-up: Factor applied to taxable value for FBT purposes.