Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• LENDER OF LAST RESORT - As the nation's central bank, the Federal Reserve has the authority and financi...
  
  
• LENDER OPTION COMMITMENTS - A contract between a lender and potential borrower which allows a lender to...
  
  
• LENDER PAID COMPENSATION TO BROKER - This is also called the Yield Spread Premium. Fee which the lender...
  
  
• LENDER PAID MORTGAGE INSURANCE (LPMI) - Insurance in which the cost of the mortgage insurance is includ...
  
  
• LENDER'S ESCROW INSTRUCTIONS - A lender's written instructions to the escrow company stating the condit...
  
  
• LENDER'S OPINION - Enquiries made from one Lender to another to check on a Customer's reliability or cr...
  
  
• LENDER'S TITLE INSURANCE - A policy of Title Insurance which covers the interest of a lender on a mortg...
  
  
• LENDER’S LOSS PAYABLE CLAUSE - A provision in a hazard insurance contract stipulating that in the event...
  
  
• LENDING - Is the action of a creditor. The lending can be either funds or securities. When it is securi...
  
  
• LENDING AGREEMENT - A contract regarding funds transferred between a lender and a borrower.