BNET Business Dictionary
Business Definition for: Loan
- a borrowing either by a business or a consumer where the amount borrowed is repaid according to an agreed schedule at an agreed interest rate, typically by regular installments over a set period of years. However, the principal may be repayable in one installment.
- See also Variable Interest Rate
Wiktionary Definition for: Loan
- A sum of money or other valuables or consideration which an individual, group or other legal entity borrows from another individual, group or legal entity (this latter often being a financial institution) with the condition that it be returned or repaid at a later date (sometimes with interest). Occasionally collateral is required to assure that the borrower repays his or her debt or returns the consideration thus loaned. Most loans require some sort of positive (or at least a lack of negative) credit to be established by the borrower first.
- Ex: ''He got a five grand '''loan'''.''
- The contract and array of legal and/or ethical obligations surrounding a loan. ''He made a payment on his '''loan'''.''
- The permission to borrow any item.
- Ex:''Thank you for the '''loan''' of your lawn mower.''
- To lend.
Additional Resources
- Are You in Loan Modification Hell? Join the Club.
- Are you in loan modification hell? Has your application for a loan modification been stonewalled? Do you find yourself waiting by the phone week after week, hoping to hear something from your lender? Are you continually asked to provide the same information over and over?...
- Blog posts 2009-09-04
- Ex-Wells Fargo Loan Officer Details Shady Practices
- In a June interview with The Charlotte Observer, Wells Fargo CEO John Stumpf rejected allegations of predatory lending by the banking giant, especially in how it deals with minorities. "We make those loans in a fair and responsible way. We absolutely do not tolerate discrimination. We do not use race...
- Blog posts 2009-09-08
- Calculating the Net Present Value (NPV) of a Foreclosure vs. a Loan Modification
- Now I sort of understand why so many homeowners are in loan modification hell. This Dante's Housing Crisis Inferno has been fanned by the introduction of a simple calculation: the NPV. What's the NPV? NPV stands for net present value, and it is an...
- Blog posts 2009-09-23
- The Expensive Student Loan Trap
- Making its way through Congress (at the usual pace--ketchup coming out of a bottle) is a bill that promises to reform student loans. Called SAFRA for Student Aid and Fiscal Responsibility Act, it would eliminate FFELP or Family Federal Education Program loans. (Doncha love the acronyms?) The bill would knock out bank...
- Blog posts 2009-10-08
- Want to Refinance Your Mortgage? Home Loan-to-Value Ratio May Climb to 125 Percent
- BREAKING NEWS JULY 1, 2009: FHFA just issued a press release announcing that homeowners would be able to refinance their mortgages up to the 125 percent LTV level. Â Want to refinance your mortgage? If you wanted to qualify for...
- Blog posts 2009-06-22
- Mortgage Refinances to 125 Percent Loan-To-Value Ratio Start Today
- That didn't take long. The Federal Housing Finance Agency FHFA issued a quiet press release today announcing that Fannie Mae and Freddie Mac would now accept refinancing with 125 percent loan-to-value ratios. So if your house is worth $100,000, but you owe $125,000, and your loan is owned...
- Blog posts 2009-07-01
- Big four banks put home-loan rates under review
- AAP Australia's big four banks are reviewing their standard variable mortgage interest rates after the Reserve Bank of Australia unexpectedly increased the overnight cash rate by 25 basis points to 3.25 per cent. "We're reviewing our rates," Commonwealth Bank of Australia Ltd spokesman Steve Batten said. Spokespersons from ANZ Banking...
- News items 2009-10-05
- Venture Capitalist to Steer DOE's Energy Loan Program
- The Department of Energy has billions in loan guarantees to hand out to alternative energy firms and automakers. But the highly competitive process has been criticized as slow, unmoving even. What is a government agency to do? Hire a venture capitalist, of course. The DOE...
- Blog posts 2009-11-11
- Auto Financer AmeriCredit Trips Loan Covenants
- Obtaining an auto loan just got harder to do for those Americans in the market for used vehicles. AmeriCredit Corp., a leading lender of auto financing to those with sub-prime credit (scores less than 630), said it had breached the net charge-off covenant on its master...
- Blog posts 2009-02-11
- Fitch Takes Various Actions on 7 Wells Fargo Alternative Loan Trust Alt-A Transactions
- NEW YORK -- Fitch Ratings has taken rating actions on the mezzanine/subordinate bonds of the following Wells Fargo Alternative Loan Trust transactions listed below: --Wells Fargo Alternative Loan 2005-1; --Wells Fargo Alternative Loan 2007-PA1; --Wells Fargo Alternative Loan 2007-PA2; --Wells Fargo Alternative Loan 2007-PA3; --Wells...
- Research articles 2008-05-20
- Cash for Clunkers Pilfers Renewable Energy Loan Program
- Cash for clunkers, the popular federal car trade-in program that ripped through $1 billion in a less than a month, has been extended thanks to money pilfered from a different stimulus fund that provides loan guarantees to clean energy projects. The Senate approved Thursday night extending the clunkers program by providing another $2 billion,...
- Blog posts 2009-08-07
- US loan demand fell in Q2, except prime mortgages
- By David Lawder of Reuters WASHINGTON - US loan demand fell in the second quarter for every major category bar prime residential mortgages as banks tightened credit standards and borrowers remained cautious, central bank and government studies showed. In its quarterly survey of senior loan officers, conducted between July 14...
- News items 2009-08-17
- Fitch Rates Connecticut Student Loan Foundation Issue
- NEW YORK -- Fitch Ratings assigns the following ratings to the $509,000,000 Connecticut Student Loan Foundation CSLF student loan revenue bonds: Ratings for New Issuance: -- $75,000,000 student loan revenue bonds, senior series 2004A-1 'AAA'; -- $75,000,000 student loan revenue bonds, senior series 2004A-2 'AAA'; --...
- Research articles 2004-10-15
- Fitch Affirms 9 Classes of Washington Student Loan Finance Association Education Loan Revenue Bonds
- NEW YORK -- Fitch Ratings affirms the following education loan revenue bonds issued by Washington Student Loan Finance Association WSLFA: Washington Student Loan Finance Association - 1998 Indenture of Trust WA 1998 --Class A-3 at 'AAA'. Washington Student Loan Finance Association - 1998 Indenture of Trust WA...
- Research articles 2007-12-19
- Google Entering The Loan Quote Market, Claims LendingTree Lawsuit
- LendingTree claims in a lawsuit versus partner Mortech that search engine Google will enter the market for offering mortgage loan quotes, pitting it against LendingTree. LendingTree claims that Mortech, which provides automated lender offers for LendingTree, intends to make its pricing engine services available for use online through Google's new...
- News items 2009-08-27
- 12 Questions To Help You Pick A Loan Officer
- A savvy loan officer can make a huge difference in your loan-shopping experience, regardless of whether you want to buy a home, start a remodeling project or refinance an existing mortgage. This paper provides dozen questions you can ask to get the conversation started. A loan officer, who may also...
- White papers 2007-11-30
- Using The Loan Amortization And Loan Analysis Templates
- You're about to sign on the dotted line for a home mortgage or car loan. You're thinking whether this is the best interest rate or term for this loan or what will the payment schedule look like. Before you ink the deal, take a look at the templates in this...
- White papers
- Fannie Mae raises loan limit to $359,650.(Real Estate Outlook)(Federal National Mortgage Association)(Brief Article)
- Fannie Mae, the nation's largest source of financing for home mortgages, said it will apply new conforming loan limits to increase its single-family mortgage loan limit to $359,650 for 2005. As a result of the new loan limit, Fannie Mae estimates t Fannie Mae,...
- Research articles 2005-01-17
- Small Business Administration to Reopen 7(a) Loan Program; Temporary Solution Adopted Until Congress Passes SBA Appropriation
- WASHINGTON, Jan. 13 /U.S. Newswire/ -- The U.S. Small Business Administration has announced it will reopen its 7a loan program on Wednesday, Jan. 14, with an additional $470 million in lending authority, and a loan cap of $750,000 per loan recipient. WASHINGTON, Jan. 13 /U.S. Newswire/ -- The U.S....
- Research articles 2004-01-13
- RATING FOR LOAN PARTICIPATION NOTES ISSUED BY DRESDNER BANK
- Moody's Investors Service has assigned arating of B1 to the upcoming issue of loan participation notes issued byDresdner Bank AG on a limited-recourse basis for the sole purpose offunding a loan to UkrSibbank pursuant to a loan agreement betweenDresdner BMoody's Investors Service has assigned arating of B1 to the upcoming...
- Research articles 2004-03-14
