Bidding: In the whole process of P2P financial management, the borrower should publish the information he needs to borrow on the platform, and this demand is also a loan project. Investors investing in this loan project is called bidding.
Second mark: The second mark is faster than the sky mark, which means that investors will return interest immediately after investing in Man Cang. However, many fraudulent P2P financial platforms use this method to promote fraud, so investors are not advised to try to invest in the second mark.
Automatic bidding: user-defined bidding rules, such as interest rate, term, repayment method, borrower's credit, etc. When the published loan bid meets the user's definition, the computer will automatically help the lender bid according to the automatic bidding rules.
Lending: when a loan list is full and meets the lending standards, the loan is successful and the raised funds will be credited to the borrower's account.
Bidding failure: refers to that the bidding period has passed, but the loan has not been fully raised, that is, the loan failed.
Third-party guarantee: In fact, it is not difficult to understand third-party guarantee. Since the Tang Dynasty, private lending has adopted the guarantor system. During the transaction, if the borrower fails to pay within the time limit, the third-party guarantee institution will make relevant advances. This form is widely adopted by domestic P2P financial platforms, and it is a safeguard measure for investors' funds.
Annualized rate of return: Annualized rate of return is a theoretical rate of return calculated by shortening or extending the loan term and income to one year.
Value date: refers to the time when the interest is calculated after the bidding is completed. There are some differences in the provisions of the value date among different platforms, such as the provision of interest immediately after bidding, the provision of interest after bidding, and the provision of interest after 1~2 working days after bidding.
Rate of return: it is the ratio of the actual income after the investment expires divided by the principal.
Pay interest on a monthly basis and repay the principal when due: pay interest on a monthly basis and pay off the principal in one lump sum on the agreed repayment date.
Repayment of principal and interest at maturity: refers to one-time repayment of principal and interest to investors when the loan term comes.
Risk reserve fund: refers to the P2P lending platform extracting a certain proportion of funds from each loan (paid by the borrower) as a common risk reserve fund for all investors, which is used to advance the losses of investors when the borrower is overdue. The maximum amount that can be advanced is generally limited to the total amount of risk margin in the current period, and the insufficient part is rolled over to the next period. Many platforms have risk reserves in separate accounts.
Matching principal and interest repayment: within the repayment period, the same amount of funds (including principal and interest) will be repaid regularly (usually every month). The proportion of principal in the borrower's monthly repayment is increasing month by month, and the proportion of interest is decreasing month by month. The sum of principal and interest received by investors remains unchanged. 、
Codeword is not easy, hope to adopt ~