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Extension of credit

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An extension of credit from a financial institution that is guaranteed by a Federal or State government entity to assist with tuition and other educational expenses.

 


loan or extension of credit in which the borrower receives the proceeds of the loan when the loan is closed and full repayment, along with any interest and finance charges, is expected by a specified future date.

Overdraft - an extension of credit created by drawing more funds from a bank account than the balance permits.

(b) in international banking, an extension of credit usually recurring, when no instrument (other than a copy of the advice of an advance) is used as evidence of a specific indebtedness, except in special cases.

Regulation G A Federal Reserve Board regulation that governs the extension of credit for... Regulation Q A Federal Reserve Board regulation that limits the interest rate that banks can pay on savings deposits.

RFC (Remittance Following Collection) shipments - a service basically similar to the COD service described above, but provides for the extension of credit to the consignee for the amounts due on RFC shipments and for remittance following collection ...

Federal Reserve Board regulation that governs the extension of credit to clients of broker-dealers. The rules specify the amount and type of credit that may be extended or must be maintained when clients purchase, carry, or trade eligible securities.

Likewise, sales to customers may directly (by the vendor offering credit) or indirectly (through a bank or credit card company) entail the extension of credit.

In commercial transactions, extension of credit beyond the supplier's customary terms-for example, 90 days instead of 30 days.

An instant extension of credit from a lending institution.
Notes:
For example, if you have an overdraft account, your bank will cover checks which would otherwise bounce. You pay interest on the outstanding balance of the loan much like any loan.

Regulation T - Governs the extension of credit by brokers and dealers to their clients for security transactions.
Regulation U - Governs the extension of credit by banks to its customers for purchasing listed securities.

A regulation established by the Federal Reserve Board which covers the extension of credit to clients by securities brokers, dealers, and members of the national exchanges.

FEDERAL CALL (REG T) - This Federal Reserve Board regulation covers the extension of credit to customer...
FEDERAL COMPLIANCE REGULATOR (FCR) - an accredited OTS examiner who is qualified to handle all aspects ...

A traditional approach to determining the finance charge payable on an extension of credit. A predetermined and certain rate of interest is applied to the principal.
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"A person with bad credit is viewed with suspicion and is charged significantly more for future extension of credit because the lender feels the need to protect against a greater risk or default," says Tom Key, a civil litigator practicing in Tustin, ...

A security interest in a debtor's property that is created when the creditor's extension of credit to the debtor is used by the debtor to acquire the property that is used to secure the transaction.
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A form filed with the SEC regarding the extension of credit previously requested. This is a transitional form only.
Policing The Securities Market: An Overview Of The SEC
SEC Filings: Forms You Need to Know
SEC Form 485A24E ...

F
Finance Charge The total dollar amount paid to get credit. Fixed Rate A traditional approach to determining the finance charge payable on an extension of credit. A predetermined and certain rate of interest is applied to the principal.

Regulation T: The federal regulation governing extension of credit by broker/dealers to customers for trading securities. Regulation T mandates payment conditions and governs margin accounts.

(2) "On Margin": To use credit to finance securities transactions. (3) "Account": An account established by a broker/dealer to extend credit (4) "Dept": The area of brokerage operations supervising the extension of credit.

See also: Banks, Federal reserve board, Expense, Saving, Regulation T

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