Borrowing money to invest where the return from the investment is less than the borrowing costs. For example, the rental income from your investment property is less than the interest payments on the loan used to purchase the property.
No-Interest Loans Scheme (NILS)
A community program that provides interest-free loans for individuals or families on low incomes.
Guides your super fund trustee on who will get your super if you die. The trustee is not bound to follow these instructions.
Non-commutable income stream
An income stream that cannot be converted into a lump sum payment.
No Negative Equity Guarantee (NNEG)
Protects you from owing more on your reverse mortgage than your home is worth. The NNEG puts a limit on the amount owed.