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)?

  • 1
    Financial terms is the more common way to refer to the expressions you are citing:.economictimes.indiatimes.com/definition
    – user66974
    Commented Apr 2, 2017 at 11:19
  • 3
    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. Commented Apr 2, 2017 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
    Commented Apr 2, 2017 at 23:10
  • Financial information? Information on their financial history? Commented May 21, 2018 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
    Commented Mar 18, 2020 at 12:06

2 Answers 2


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.


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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