Loan

Business / Debt / Loan: An advance of money from a lender to a borrower over a period of time. The borrower is obliged to repay the loan either at intervals during or at the end of the loan period together with interest.
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Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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Loan To Value Ratio

Business / Construction / Loan To Value Ratio: The ratio of the loan amount to the property valuation and expressed as a percentage. E.g. If a borrower is seeking a loan of $200,000 on a property worth $400,000 it has a 50% loan to value rate. If MORE

Low-Doc Or No-Doc Loan

Business / Real Estate / Low-Doc Or No-Doc Loan: Loans that require little or no documentation regarding the borrowers income, assets or liabilities. Because of the higher perceived risk, these loans will usually require a larger down payment, highe MORE

Marketing Assistance Loans

Business / Agriculture / Marketing Assistance Loans: Nonrecourse loans made available to producers of wheat, feed grains, upland and ELS cotton, rice, soybeans, and minor oilseeds under the Agricultural Market Transition Act provisions in the FAIR Act o MORE

Mohair Recourse Loan Program

Business / Agriculture / Mohair Recourse Loan Program: A program authorized by the emergency provisions of the FY1999 USDA appropriations act (P.L. 105-277, October 21, 1998) that makes interest-free recourse loans of $2.00 per pound on mohair produced pr MORE

Loan Deficiency Payments

Business / Agriculture / Loan Deficiency Payments: A commodity payment program authorized by the Food Security Act of 1985 that makes direct payments, equivalent to marketing loan gains, to wheat, feed grain, upland cotton, rice, or oilseed producers MORE

Jumbo Loans

Business / Loan / Jumbo Loans: Loans which exceed the Fannie Mae guidelines for loan size and amount. Jumbo loans may have different guidelines from a 'conforming' loan. MORE