Term Loan: A loan for a specific amount of money. It has either have a fixed or variable interest rate, matures in between one and ten years and has a set repayment schedule.

 

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Term Loan: A loan for a specific amount of money. It has either have a fixed or variable interest rate, matures in between one and ten years and has a set repayment schedule.

Long Term Liabilities: These usually refer to long term loans (ie. a loan which lasts for more than one year such as a mortgage).

Bullet Loan: A loan that includes a call date earlier than its normal amortization period, also called a renegotiable rate loan or a rollover loan.

Inventory Loan: A secured short-term loan to purchase inventory. The three basic forms are a blanket inventory lien, a trust receipt, and field warehousing financing.

Bridge Loan: Short-term loan to provide temporary financing until more permanent financing is available.

Renewable Term Life Insurance: A policy for a stated period that may be renewed if desired at the end of the term.

Renewable Term: A renewable term life insurance policy allows you to extend your coverage for an additional period without having to requalify for coverage, provided that you have paid your premiums in full . . . View Full Definition

Reduction-Option Loan (ROL): A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL the borrower to match the current mortgage rate, which then becomes fixed for the rest of the term. This reduction is usually al . . . View Full Definition

Rescheduled Loans: Bank loans that are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments.

Rollover Loan: A loan that includes a call date earlier than its normal amortization period, also called a renegotiable rate loan or a bullet loan.