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I'm putting together a loan application form for a bank. Part of the information that needs to be collected from loan applicants are their:

  • Mortgages
  • Credit cards
  • Loans
  • Overdrafts

What is a collective term for the above? The best I can think of is financial liabilities, but I feel it may be too overreaching (there are other kinds of financial liabilities that are not "loan" in nature, like child support).

Also, what is a collective term for loan amount (e.g. you get a mortgage for $500,000 -- that's the loan amount) and credit limit (e.g. you have a credit card that can be maxed to $20,000, which is your credit limit)?

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    Financial terms is the more common way to refer to the expressions you are citing:.economictimes.indiatimes.com/definition – user66974 Apr 2 '17 at 11:19
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    The bank wants to know what you owe other parties before it considers giving you a loan. So it is seeking details of your liabilities (I don't think financial is necessary). The fact that you might have liabilities other than those listed is not relevant to the description. – Ronald Sole Apr 2 '17 at 12:09
  • Both "loan amount" and "credit limit" are financial terms as Josh says, but they're not amounts that get added together, so there isn't a collective term for the two of them. – Xanne Apr 2 '17 at 23:10
  • Financial information? Information on their financial history? – BladorthinTheGrey May 21 '18 at 16:32
  • I would view ongoing child support payments as a financial obligation rather than a liability, though if behind on required payments that would be a liability. The bank would want to know about such obligations though, because they're directly relevant to your ability to pay back the loan. – nnnnnn Mar 18 at 12:06
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These are typically termed as financial instruments. They are divided into distinct asset classes, and for your particular use case, these are debt-based financial instruments.

From Wikipedia:

Financial instruments are monetary contracts between parties that can be created, traded, modified and settled.

The phrase Line of credit can encompass loan amount and credit limit. A consumer will have multiple lines of credit.

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Mortgages are a type of loan.

Credit cards are a way of accessing a line of credit extended to you by the bank.

Overdrafts are a facility that allow you to take out a variably sized loan, usually up to an agreed amount.

They are all ways of accruing debt. You could categorise them as "debt accrual methods".

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