CONSUMER LOAN
Money borrowed by a customer (consumer), usually to finance the purchase of a product or service at the time of the sale. See also PERSONAL LOAN.
CURRENT YIELD ...
Consumer Loan Act (CLA) - a law that authorizes higher interest rates so as to ensure credit availability to borrowers with higher than average credit risks that might otherwise be unable to obtain loans.
Consumer loans
In U.S. consumer loans, particularly home mortgages, ...
A consumer loan taken to finance a purchase.
Purchase method
Accounting for an acquisition using market value for the consolidation of the two entities' net assets on the balance sheet.
A consumer loan secured by a second mortgage, allowing home owners to borrow against their equity in the home. The loan is based on the difference between the homeowner's equity and the home's current market value.
Interest paid on consumer loans; e.g., interest on credit cards and retail purchases.
Consumer Price Index ...
Finance charge The total cost of credit a customer must pay on a consumer loan, including interest. Finance company A company whose business and primary function is to make loans to individuals, while not receiving deposits like a bank.
Disclosure is normally required in all consumer loans and residential mortgages.
Account servicing processes for credit cards or consumer loans. These most commonly include payment processing systems and services, customer service or call center support operations (voice, digital, email and mail services), product renewals, ...
The prime rate is a benchmark for interest rates on business and consumer loans. For example, a bank may charge you the prime rate plus two percentage points on a car loan or home equity loan.
A Federal statute that governs a number of practices related to bank loans - especially, but not only, consumer loans. The Federal Reserve Board of Governors has adopted Regulation Z to implement this statute.
Household International is a leading provider of consumer loans and credit cards in the United States, Canada and the United Kingdom.
CONSUMER INTEREST - Interest paid on consumer loans; e.g., interest on credit cards and retail purchase...
CONSUMER LEASE - A consumer lease is defined under Article 2A of the UCC. It is a lease between a lesso...
It is a key interest rate since many consumer loans, such as mortgages, automobile and credit card loans, are tied to the prime rate.
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Installment Loan
A consumer loan in which the principal and interest are repaid on a regular (usually monthly) schedule. The payments are called "installments" and are all for the same amount.
Chairman Ben Bernanke suggests the that higher rates for consumer loans are still months away. Plus: Honda expands global recall for faulty airbags. (01:27)
GM Prepares to Return to Stock Market ...
Bank
A state or federally chartered for-profit financial institution that offers commercial and consumer loans and other financial services.
Beneficiary
A person or organization named to receive assets after an individual’s death.
Notes:
Credit cards have higher interest rates than most consumer loans or lines of credit, so try your hardest to pay off your credit card each month.
The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge.
Financial Regulatory Agency: ...
The prime rate is often used, though, as a benchmark for interest rates on consumer loans. For example, a bank may charge you the prime rate plus two percentage points on a car loan or home equity loan.
Principal ...
Purchase loan
Definition: [crh] A consumer loan taken to finance a purchase.
ANNUAL PERCENTAGE RATE (APR): Cost of a consumer loan, expressed as a simple annual percentage.
Promissory notes are the most common method of formalizing consumer loan contracts. If you've borrowed the money needed to buy a house or car, then you've undoubtedly signed a promissory note.
asset-backed security: A security containing an undivided fractional interest in pools of consumer loans, such as credit card debt or car loans, or receivables held in trust.
Treasury securities, state and local government securities, AAA mortgages, consumer loans, and commercial loans. In 1999, the Federal Reserve also accepted investment-grade CD's and AAA-rated mortgage-backed securities.
The Federal Student Loan Program is a good method of financing the costs of your college education. These loans are better than most consumer loans because they have lower interest rates.
States and most other developed industrial countries provide for multiple types of financial intermediary institutions whose official "labels" normally depend upon the selected purposes for which they will loan money (business loans, consumer loans, ...
Many quasi-public corporations were originally federal agencies that have been privatized. Among the best known are Fannie Mae, Freddie Mac, and Sallie Mae. They securitize consumer loans and sell them in the secondary market.
Back End Ratio (debt ratio): a ratio that compares the total of all monthly debt payments (mortgage, real estate taxes and insurance, car loans, and other consumer loans) to gross monthly income.
The asset structure of Credit Union is principally represented by small consumer loans, residential mortgage loans, and securities. The NCUA prohibits certain types of investments, including most derivatives, most stripped MBS (e.g.
Cannot factor structured settlements of claims for workers comp. benefits. Payee must be notified of right to professional advice. Discount/finance charge cannot exceed maximum interest rate for a consumer loan.
In this expensive world, most of people are fighting with debts. They have tension about how to get rid of this problem. So, many companies are comes up in the market so to offer different type of loans such as personal loan, a consumer loan, etc.
what the numbers mean, personal finance experts point out that rising rates may have very different effects on your day-to-day budget, depending on what your expenses are, and whether your debt is in credit cards, mortgages or other consumer loans.
The rate given to customers on their loans is often based as the prime rate plus a certain percentage, which represents the lender's assessment of the risk in lending, plus its profit margin. Consumer loans such as home equity, automobile, ...
Also, they represent greater concentrations of risk. We are more comfortable modeling 50,000 consumer loans of USD 10,000 each as homogenous than we are doing so with 10 corporate obligations of USD 50MM each! ...
The prime rate is an important index used by banks to set rates on many consumer loan products, such as credit cards or auto loans. If you see that the prime rate has gone up, your variable credit card rate will soon follow.
Purchase group See: Underwriting syndicate Purchase loan A consumer loan taken to finance a purchase.
 See also: Expense, Administration, Banks, Saving, Acquisitions
  
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