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Day loan |
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Day loanA loan from a bank to a broker prior to the delivery of securities. Upon the delivery of the securities, a day loan becomes a regular broker call loan for which securities serve as collateral.Day loan Similar MatchesLoan toValue RatioLoan toValue RatioThe ratio of the mortgage loan's principal to the property's appraised value or its sales price, whichever is lower. Loan stockLoan stockA security bearing a fixed rate of interest. The capital (the amount loaned) is repaid after a given period of time. Federal Savings and Loan AssociationFederal Savings and Loan AssociationAn institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. Loan commitmentLoan commitmentA promise by a lender or other financial institution to make or insure a loan for a specified amount and on specific terms. Nonrecourse LoanNonrecourse LoanA loan not allowing for a deficiency judgment. The lender's only recourse in the event of default is the security (property) and the borrower is not personally liable. Further SuggestionsEquivalent loanloan Consolidation loan Project Finance Loan Program Policy loan Federal Home Loan Mortgage Corporation (FHLMC) biweekly mortgage loan Reduction Option Loan (ROL) Personal Property Loan Self liquidating loan Loan Policy currency loan Fixed Rate Loan Conforming loans back to back loan Bullet loan Conventional loan Federal Home Loan Banks Loan amortization schedule Broker loan rate Tax and loan account Project loans savings and loan association bridge loan (bridging loan) Participation loan |
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