RupeeTimes' financial glossary  A-F |  G-O |  P-V |  W-Z |  1-9 |  Search by category |     Category: Home Loans   Acceptance Letter Administrative Fee Advance EMI Amortization Appraisal APR Bad Credit Balance Transfer Bankruptcy Basis Point Borrower Carpet area Certificate of title Clear title Commitment Fee Common areas Contract Conveyancing Credit Appraisal Credit History Default Depreciation Documentation Down Payment Early Repayment Charge EMI Equity Establishment Charge Fiscal Year Fixed interest rate Fixed rate Floating Rate Foreclosure Acceptance Letter Acceptance letter is the letter that a borrower or applicant gives to the lender after reading the terms of the loan. This letter denotes the borrower’s willingness to accept the loan offer within a particular time frame. The acceptance letter is usually accompanied by an administrative fee.