closed-end loan — A loan that must be paid off within a certain period of time. Compare: open ended loan Category: Bankruptcy, Foreclosure & Debt Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
Back-end loan fund — A mutual fund that charges investors a fee to sell ( redeem) shares, often ranging from 4% to 6%. Some back end load funds impose a full commission if the shares are redeemed within a designated time, such as one year. The commission decreases… … Financial and business terms
Loan Commitment — A loan amount that may be drawn down, or is due to be contractually funded in the future. Loan commitments are found at commercial banks and other lending institutions and consist of both open end and closed end loans. Open end loan commitments… … Investment dictionary
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia
LOAN — (Heb. הַלְוָאָה, halva ah), a transaction in which a thing, usually money, is given by one person, called the malveh ( lender ), to another, called the loveh ( borrower ), for the latter s use and enjoyment, and in order that such thing or its… … Encyclopedia of Judaism
loan application register — ( LAR) A document required by the Home Mortgage Discolure Act ( HMDA) to gather information indicative of possible discrimiantion. Lending institituions are required to collect information on the sex, race and ethnicity of loan applicants. At the … Financial and business terms
loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you … Financial and business terms
loan — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ large, massive ▪ small ▪ long term, short term ▪ high interest, interest free … Collocations dictionary
Loan Lock — The securing of a specified interest rate on a mortgage that is in the process of being approved. A loan lock establishes the interest rate that a borrower will pay as long as the loan closes before the end of the lock period. Lock periods… … Investment dictionary
