Business and Personal Finance Dictionary

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• LOAN ADMINISTRATION - A mortgage banking function which includes the receipt of payments, customer serv...
  
  
• LOAN ADVANCES - payments made to a borrower, or to another party on behalf of a borrower
  
  
• LOAN AGREEMENT - A written contract between a lender and a borrower that sets out the rights and obliga...
  
  
• LOAN AMORITIZATION SCHEDULE - the schedule for repaying interest and principal on a loan
  
  
• LOAN AMORTIZATION SCHEDULE - The timetable for repaying the interest and principal on a loan.
  
  
• LOAN AMOUNT - The total amount requested by the borrower to be financed. This amount is the basis of ma...
  
  
• LOAN APPLICATION - The loan application is the source of information on which the lender bases a decisi...
  
  
• LOAN APPLICATION FEE - A sum charged by a lender for accepting a document in which a prospective borrow...
  
  
• LOAN APPLICATION REGISTER (LAR) - a register that lists all loan applications taken by a savings associ...
  
  
• LOAN APPROVAL/COMMITMENT - A lender's agreement to make a loan on particular terms, including interest ...