Business and Personal Finance Dictionary

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• LOAN PROGRAM - Defines the scope of your mortgage, including the type of interest rate you have and the...
  
  
• LOAN PROVIDER - A lender or a mortgage broker.
  
  
• LOAN REPAYMENT CAPACITY - Monthly fixed debt commitments divided by monthly gross income expressed as a...
  
  
• LOAN SERVICING - the acts performed to collect and process loan payments during the life of a loan. The...
  
  
• LOAN SETTLEMENT STATEMENT - a document prepared for and presented to the borrower at the loan closing s...
  
  
• LOAN STOCK - stock bearing a fixed rate of interest. Unlike a debenture, loan stock may or may not be s...
  
  
• LOAN SYNDICATION - Group of banks sharing a loan. See: Syndicate.
  
  
• LOAN TENURE - The time duration for which a loan has been provided.
  
  
• LOAN TERM - The period specified in the promissory note for a borrower to pay a loan, such as a mortgag...
  
  
• LOAN TERMS - Different requirements of a loan that determine the borrower's and lender's financial obli...