Revolving Loan Program: A program that uses the repayments of existing loans to make additional loans to qualified borrowers. Initial capitalization of a revolving loan fund may be derived from federal appropriations or contributions from other sources.

 

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Revolving Loan Program: A program that uses the repayments of existing loans to make additional loans to qualified borrowers. Initial capitalization of a revolving loan fund may be derived from federal appropriatio . . . View Full Definition

Piggyback Loans: A loan divided into two parts with one lender taking a secondary security position.

Pesticide Recordkeeping Program (PRP): Authorized by the FACT Act of 1990, the program requires that private pesticide applicators keep records of the pesticides they use in agricultural production and that the records be surveye . . . View Full Definition

Pesticide Data Program (PDP): A program initiated in 1991 by the Agricultural Marketing Service to collect pesticide residue data on selected food commodities, primarily fruits and vegetables. PDP data are used by the En . . . View Full Definition

Personal Loan: Loans available from banks and other financial institutions to private individuals for personal use such as the purchase of a motor vehicle, holiday or similar item are personal loans. Repay . . . View Full Definition

Planned Capital Expenditure Program: Budgeted or projected outlays for major expenditures on permanent or fixed assets as outlined in the corporate financial plan.

Planned Financing Program: Budgeted or projected ways need for reasons or to obtain short-term and long-term financing as outlined in the corporate financial plan.

Portfolio Loan: A loan originated and maintained by the lender and not sold in the secondary mortgage market.

Policyholder Loan Bonds: Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.

Policy Loan: A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.