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| Bankrupt Person declared by a court to be unable to repay their debts. The bankruptcy is administered by a Trustee and discharged generally after three (sometimes two) years. Bank of England Base Rate (BBR) Interest rate set and reviewed by the Monetary Policy Committee on a regular basis. This rate influences the majority of the financial services interest rates. Broker An individual who assists in arranging funding or negotiating contracts for a client; but who does not loan the money himself. Brokers usually charge a fee or receive a commission for their services. BRT Base Rate Tracker. BPS Base Points (i.e. 25 bps=0.25%). Buy to Let The borrower takes a loan secured on a property as an investment. The property is let out to a tenant who pays the borrower a rental income, making the borrower a landlord. |