Overt or implied contract requiring a lender to deliver to a borrower specific property and/or cash. A type of lend lease. Within a defined or agreed-to period of time, the […]

Overt or implied contract requiring a lender to deliver to a borrower specific asset. A type of lend lease. Within a defined or agreed-to period of time, the borrower returns […]

Banks’ loan rate grading classification system on existing and requested loans based on the borrower’s credit history, repayment risk of owed interest and principal, and the worth of any guaranties […]

a borrower and a lender signed, written loan agreement filed as a recorded document. T

A noncash expense used on nonperforming loans to boost its loss reserve .

A reserve used to prevent loss of profit on nonperforming loans.

Contract type of loan containing overtly stated terms agreed-to by the lender and the borrower. These terms are the various obligations. The parties have a right to sue the other […]

Person authorized to act on behalf of the lender within specified limits as an official representative of a lending institution .

the term applied to money taken from a policy that will be deducted from the total amount unless it is paid back.

For making a mortgage loan , the lender charges a fee to the borrower. Typically a percentage of the loan principal.

Sharing one or more loans among a lender collective. Allows the group to manage loan package to big for any one of them alone. Known as participation loans or syndicated […]

Loans with higher-than-normal interest rates are the vehicles this mutual fund invests in. This fund is for stable and successful firms with low credit ratings due to age, industry, and […]

Money amount periodically due as a loan payment term.

Bank or finance company ‘s daily total loan value.

Under the terms of a loan agreement , net amount a lender gives to the borrower.

Period from loan application ‘s receipt through loan’s closure measured as a series of action steps tracing the entire life of the loan. Steps include loan acceptance, posting of loan […]

Bank officer presentation to the loan committee of a loan application and borrower’s credit-worthiness as a senior loan officer report.

Loan’s documented interest rate . the purpose and type of loan dictates the loan rate.

Lawful agreement allowing a civil case co-wrongdoer or tort-feasor to loan interest-free money to the plaintiff or injured party . The plaintiff only repays the loan upon other tort-feasors payoff.

Borrower’s obligation of timely loan interest and principal periodic payments based on the loan agreement ‘s terms. Credit-worthiness of a borrower comes from diligent loan servicing . The lending institution […]

A lending institution clearly states the amount and frequency of the loan repayment installments in this document, given to the borrower at the loan closing.

the slang name that is given to a usurer or a person who lends money and charges more interest than the law allows. See usury.

Time period a loan agreement is active for repayment or re- negotiation . Also refer to loan terms.

Conditions, requirements , leniencies, penalties, and the like are stated clearly and precisely as components of a loan agreement . Specific items agreed to by the borrower and the lender […]

Formula: Loan amount divided by the collateralized asset’s liquidation value times 100.