Definition of loan: An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the.
1. A loan is not gross income to the borrower. 2. The lender may not deduct (from own gross income) the amount of the loan. 3. The amount paid to satisfy the loan obligation is not deductible (from own gross income). 4. Repayment of the loan is not gross income to the lender. 5. interest paid.
Exotic Mortgages Results and conclusions: Numbers of subprime, exotic, and zero-down-payment mortgages have all been growing. Where they are spatially concentrated they are linked to rising and geographically concentrated home mortgage foreclosures.
A loan is a sum of money that you borrow. The country has no access to foreign loans or financial aid. The president wants to make it easier for small businesses to get bank loans.
Home Loans Definition mortgage / md / n. an agreement under which a person borrows money to buy property, esp a house, and the lender may take possession of the property if the borrower fails to repay the money; the.
noun an amount of money loaned at interest by a bank to a borrower, usually on collateral security, for a certain period of time.
Interest Only Option Interest Only Option. An option for paying the proceeds of a life insurance policy to beneficiaries in which the insurance company holds the entire proceeds and makes period payments of the earned interest only. The interest rate may be flexible but a minimum rate of interest is usually guaranteed. previous search New Term Next.
A loan to value (LTV) ratio describes the size of a loan you take out compared to the value of the property securing the loan. Lenders and others use LTV’s to determine how risky a loan is. A higher LTV ratio suggests more risk because the assets behind the loan are less likely to pay off the loan as the LTV ratio increases.
Definition of loan for English Language Learners. : an amount of money that is given to someone for a period of time with a promise that it will be paid back : an amount of money that is borrowed. : permission to use something for a period of time.
A customer’s loan consent is an agreement signed by a brokerage customer that permits a broker-dealer to lend the securities in that customer’s margin account. If a brokerage customer has consented to.
student loan: A loan offered to students which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbooks. Many of these loans are offered to students at a lower interest rate, such as the Perkins loan or Stafford loan. In general, students are not required to pay back these loans.
A maximum loan amount describes the total amount that a borrower is authorized to borrow. Maximum loan amounts are used for standard loans, credit cards and line-of-credit accounts. A maximum loan.