Related Words

Borrower: A person who receives funds in the form of a loan with the obligation to repay the loan in full.

Borrower Fallout: In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to withdraw from the contract.

Financial Lease: Institutions that provide the market function of matching borrowers and lenders or traders.

Fiscal Policy: The governments policy in regarding to taxation and spending programs. The difference between these two areas determines the amount of money the government will withdraw from or feed into th . . . View Full Definition

General Obligation Bonds: A type of obligation that covers all a borrower's mortgageable properties, not just one specific property.

Graham And Dodd Method Of Investing: A type of stepped-payment loan in which the borrower's payments are initially lower than those on a comparable level-rate mortgage. The payments gradually increase over a predetermined perio . . . View Full Definition

General Loan And Collateral Agreement: An attachment that gives the lender the right to seize the personal property of a borrower who has not fulfilled the obligations of the loan, but prevents the lender from seizing real property.

Eurocurrency: Eurocurrency is any major currency that is deposited by a national government or corporation based outside the country where the bank receiving the funds is located. For example, Japanese ye . . . View Full Definition

Defensive Securities: The setting aside by a borrower of cash or bonds sufficient to service the borrower's debt. Both the borrower's debt and the offsetting cash or bonds are removed from the balance sheet.

Debtor In Possession: Borrower of money.