Topic: Loan Definitions
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Answers to Common Questions
What Is the Definition of a Secured Loan?
With most Americans in at least a little debt, it's pretty rare for someone in the United States to handle expenses and pursue interests without a loan. You have two options when you want to borrow funds. The first is to take out an unsecur... Read More »
Source: http://www.ehow.com/info_7899827_definition-secured-loan.html
What Is the Definition of a Loan Shark?
A loan shark is a person who lends money at excessively high and possibly illegal rates of interest. Historically, loans sharks were tied to organized crime but more recently, consumer-protection groups have accused payday and subprime lend... Read More »
Source: http://www.ehow.com/facts_5648976_definition-loan-shark_.html
What Is the Definition of a Bank Loan?
A bank loan is has many terms and conditions and can be used for a number of different purposes. There are many different types of loans and they have different qualifications. To get a loan you must meet a banks credit granting criteria. E... Read More »
Source: http://www.ehow.com/facts_5036223_definition-bank-loan.html
More Common Questions
Answers to Other Common Questions
Non-Performing Loans are a source of misery for lenders. If a bank has too many of them on its balance sheet, the cumulative effect can leaving a smoking crater where bank earnings used to be. Here is a definition and example of a Non-Perfo...
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Source: http://www.ehow.com/facts_5783236_definition-non_performing-loans...
A preapproval for a home loan means a lender has given a preliminary OK for a homebuyer to borrow up to a certain amount of money. A preapproval is more secure than a prequalification, but isn't a final approval.
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Source: http://www.ehow.com/facts_7187273_definition-_pre_approval-home-l...
When a loan matures, the principle of the loan is repaid and lent at a potentially new rate, hence the term "repricing."
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Source: http://wiki.answers.com/Q/What_is_the_definition_of_'loan_reprici...
Loan origination date is the date that the loan was started. It may also be called "closed date". The difference between the loan origination date and the loan maturity date is the term of the loan.
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Source: http://wiki.answers.com/Q/What_is_the_definition_of_Loan_originat...
An unsecured loan is a loan obtained without collateral. The person obtainin...
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Source: http://www.chacha.com/question/what-is-the-definition-of-unsecure...
Subsidized loans are loans for which the borrower does not pay interest. Th...
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Source: http://www.chacha.com/question/what-is-the-definition-of-subsidiz...
An unsubsidized loan accrues interest while you are in school. ChaCha ...
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Source: http://www.chacha.com/question/what-is-the-definition-of-an-unsub...
