BNET Business Dictionary
Business Definition for: Discount Loan
- a loan that amounts to less than its face value because payment of interest has been subtracted
Additional Resources
- Derbyshire reduces discount rates.(2% discount on society's standard variable rate)(International Pages)(Brief Article)(Statistical Data Included)
- Derbyshire Building Society has reduced the rates on its three-year discount. The deal is available at 3.69 per cent, 2 per cent off the societys standard variable rate. This rate is only available up to 80 per cent loan-to-value. For borrowers unable to put up a 20...
- Research articles 2002-10-02
- New FASB rule clarifies loan impairment. (Financial Accounting Standards Board's Statement 114)
- At-A-Glance--FASB's Statement 114 requires that loan impairment be recognized on a discount basis. This change should help standardize measurement of loan losses. At-A-Glance--FASB's Statement 114 requires that loan impairment be recognized on a discount basis. This change should help standardize measurement of loan...
- Research articles 1994-07-01
- St. Louis-based Gershman Mortgage offers home-buyer discount, hires
- St. Louis-based Gershman Mortgage announced it is extending the company's employee discount to home buyers in Missouri and Illinois. The discount can be applied either to the closing cost or to lower the interest rate on the loan. The special pricing is available on home purchases only. The offer is...
- Research articles 2005-09-23
- St. Louis-based Gershman Mortgage offers home-buyer discount, hires Archibald
- St. Louis-based Gershman Mortgage announced it is extending the company's employee discount to home buyers in Missouri and Illinois. The discount can be applied either to the closing cost or to lower the interest rate on the loan. The special pricing is available on home purchases only. The offer is...
- Research articles 2005-09-23
- USDA: USDA announces change in 1999-crop extra long st staple loan schedule.
- M2 PRESSWIRE-2 August 1999-USDA: USDA announces change in 1999-crop extra long staple loan schedule C1994-99 M2 COMMUNICATIONS LTD RDATE:300799 WASHINGTON -- Keith Kelly, Executive Vice President of USDA's Commodity Credit Corporation, today announced that the loan discount for level 1...
- Research articles 1999-08-02
- Greenlight Financial Services Offering 'Green Loan Discount' to Eco-Conscious Consumers
- ENERGY RESOURCE-23 January 2007-Greenlight Financial Services Offering 'Green Loan Discount' to Eco-Conscious ConsumersC2007 JeraOne - http://www.jeraone.com
- Research articles 2007-01-23
- What Is The APR For This Loan?
- This tool estimates the Annual Percentage Rate APR for a given loan based on its parameters. In addition to its interest rate, we must also take into account the loan's origination fee, discount points, and all other loan fees in order to calculate the APR of the loan. Mortgage loan...
- Tools & templates 2008-01-01
- LIN TV Corp. Retires $425 Million of Discount Notes, Secures $175 Million Term Loan
- Business Editors/High-Tech Writers PROVIDENCE, R.I.--BUSINESS WIRE--Feb. 7, 2003 LIN TV Corp. (NYSE: TVL), the parent of LIN Television Corporation and LIN Holdings Corp., today announced that it has obtained a new $175 million Term Loan at LIN Television Corporation and will use the proceeds, together with cash on...
- Research articles 2003-02-07
- ContiFinancial acquires Resource One Consumer Discount Company, a retail home equity loan originator
- NEW YORK--BUSINESS WIRE--Dec. 16, 1996--ContiFinancial Corporation (NYSE:CFN) today announced the closing of its acquisition of 100% of the equity of Resource One Consumer Discount Company, Inc. The definitive agreement was signed earlier this month, as previously announced. The Company was founded in 1991 by Samuel Maratea, who...
- Research articles 1996-12-16
- Should I Pay Discount Points?
- Not sure if you should pay discount points on your mortgage loan? Use this tool to determine whether you should pay discount points or not.
- Tools & templates 2009-01-01
- Savills launches two-year discount.(mortgage)(Brief Article)
- Independent mortgage adviser, Savills Private Finance, has launched a discounted mortgage. The two-year discount will be offered at an initial pay rate of 3.55 per cent, a discount of 2.4 per cent on the lenders standard variable rate currently 5.95 per cent. The minimum loan amount...
- Research articles 2002-12-19
- HCP Closes Mezzanine Loan as Part of The Carlyle Group's $6.3 Billion Purchase of Manor Care
- LONG BEACH, Calif. -- HCP (NYSE:HCP) announced that it has closed a mezzanine loan with a $1.0 billion face amount, which represents a portion of the financing for The Carlyle Group's $6.3 billion purchase of Manor Care, Inc. HCP's loan bears interest on the face amount at a floating rate...
- Research articles 2007-12-21
- Ford sells Australian loan book to Macquarie
- Ford Motor, the US carmaker that underwent a debt-for-equity swap this year to bolster its balance sheet, has quit -Australia's retail car finance market after selling a A$1bn (US$874m) motor loan portfolio to Macquarie Group.The Australian investment bank is expanding its presence in the sector as well as filling...
- External links 2009-10-01
- Bendigo offers heritage loan.
- Sep 24, 2003 (The Australian Financial Review - ABIX via COMTEX) In late September 2003, Bendigo Bank has reached an agreement with the Queensland Government regarding heritage homes. Under the scheme, which may eventually be extended throughout Australia, Queenslanders purchasing or restoring heritage homes...
- Research articles 2003-09-24
- Frontier to repay post-9/11 loan
- DENVER -- Frontier Airlines said Monday it has become the first U.S. airline to repay a post-Sept. 11 loan from the government. Frontier CEO and president Jeff Potter said the $11.6 million balance remaining on the $70 million loan would be presented to members of the state's congressional...
- Research articles 2003-12-23
- Greenlight Financial Services Launches Green Loan Discount
- Discount Rewards and Promotes Eco-Conscious Lifestyles That Help Protect the Environment
- Research articles 2007-01-23
- Community bankers respond to Fed Discount Window proposal
- A proposal published in May by the Federal Reserve questioned the need for continuing the 29-year-old seasonal credit program-otherwise known as the Discount Window -- given that small banks have the Federal Home Loan Banks and other funding options. With the comment period on the proposal now closed, most comments...
- Research articles 2002-10-01
- Claridge approves small business loans. (Claridge Israel Group, Small Business Fund of the Israel Discount Bank)
- The Small Business Fund of the Israel Discount Bank and The Claridge Israel Group has, during 1991, approved 91 loan applications totaling NIS 20 million. The Fund currently has another 150 applications in process. Of the loans granted in 1991, 50 were for new enterprises including...
- Research articles 1992-02-28
- GM, Chrysler expand credit union loan deals
- NEW YORK ? Automakers General Motors Corp. and Chrysler LLC, along with a group of credit unions, said today that they are expanding to all 50 states programs that offer low-cost loans and special pricing incentives to credit union members. David Adams, president and chief executive of the Michigan Credit...
- News items 2009-08-07
- Don't Discount the Fee Income at Fannie Mae
- Prudent Speculations submits: The recent news that Fannie Mae FNM will raise the fees that it charges mortgage originators to assume the liabilities related to their loans will significantly help the company going forward. In raising the fee that it collects for buying and guaranteeing mortgages from .25% to .50%...
- External links 2008-08-06
