Loan agreement

executing the loan agreement A number of states used to require a notary or witness to authenticate loan contracts. Today, neither one is required. Bank records are easily kept and obtain proof of the agreement.

Loan agreement: A document that states what a business can and cannot do as long as it owes money to the lender. Loan: Money lent with interest. Long-term liabilities: The liabilities (expenses) that will not mature within the next year.

Loan Agreement - Agreement to be executed by borrower, containing pertinent terms, conditions, covenants and restrictions.

Loan Agreement: A contract between a lender and a bower in which the terms and conditions are recorded. Loan-to-Value Ratio (Real Estate): ...

Loan agreement A document under which the lender is obliged to make a loan available subject to the conditions precedent and which sets out the terms of the loan. Loan amortization schedule ...

A loan agreement in which two companies in separate countries borrow each other's currency for a specific time period and repay the other's currency at an agreed-upon maturity.

A loan agreement or bond indenture provision that requires the borrower to apply excess cash flow (or some percentage of excess cash flow) to reduce the outstanding debt balance. cash flow yield ...

Bond A loan agreement that obligates the bond issuer (corporations, governments or government agencies), to pay back the bondholder a specified sum of money, with interest, at periodic intervals.

If your loan agreement doesn't have a prepayment clause, which excludes a fee for early termination, the penalty may apply.

building loan agreement agreement whereby the lender advances money to an owner at specified stages of construction, for example, upon completion of the foundation, framing, etc. Same as construction loan agreement. Referring Terms: ...

Part of a loan agreement, in which the borrower undertakes to reimburse the lender if a foreclosure sale on the mortgaged asset does not generate enough money to cover the loan balance, interest, and other costs.

consent to loan agreement: An agreement that margin customers sign authorizing the brokerage firm to lend the customer's securities to itself or other firms.

Call Option Loan agreement clause allowing the lender to ask for the balance due at any time.

A syndicated loan agreement in which the participants in the syndicate are specifically requested by the borrower.

Default on a loan agreement, which results in the default of the entire loan portfolio. Popular terms ...

Wage assignment A loan agreement provision allowing the lender to deduct payments from an employee's wages in case of default. Wage-push inflation Inflation caused by skyrocketing wages.

indenture A bond's loan agreement. independence In the context of financial risk management, the segregation of risk management and risk taking functions. independent white noise A white noise with independent terms.

Note: While margin loan agreements are typically used to allow investors to buy securities on margin, some firms allow their customers to take out loans for other purposes.

Chattel Mortgage A loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property.

Lender liability lawsuits Legal action of debtor against creditors that alleges unfair enforcement of loan covenants or violation of implied terms of a loan agreement.

Chatter See: Whipsawed Chattel Mortgage A loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property.

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Protective covenant A part of an indenture or loan agreement that limits certain actions a company may take during the term of the loan to protect the lender's interests.

ineligible accounts Accounts receivable that do not satisfy the lender's criteria as specified in a loan agreement. opposite of eligible accounts. inert Having no effect.

" Some loan agreements stipulate that prepayments will be based on this tricky technique. A year has 12 months, and 12 + 11 + 10 + 9 + . . . + 1 = 78; somehow giving rise to the "rule of 78s.

Failure to fulfil the terms of a loan agreement. For example, a borrower is in default if he or she does not make scheduled INTEREST payments on a loan or fails to pay off the loan at the agreed time.

A default risk can be assigned to any bond or loan agreement. Of course, there are some instruments considered default-risk-free, that is, instruments for which the probability that a borrowing agent will not pay is zero.

LOAN AGREEMENT A document that states limitations and authorized actions as long as money is owed to (usually) a bank.

A provision or clause in a loan agreement that allows a lender to demand full payment of the loan balance under certain circumstances. Such circumstances can include the sale of the property, loan default, or mortgage refinancing.

Legal clauses in a legal agreement (eg a loan agreement or the trust indenture of a bond) that require the signatory take or avoid certain actions. For example, a common covenant in a loan agreement is to maintain a minimum debt to equity ratio.

Co-maker - A second person who enters into a loan agreement, guaranteeing to make the payments if the borrower defaults. (People who have not established credit or people with poor credit ratings may need cosigners). Also see cosigner.

Co-signers: Joint signers of a loan agreement who pledge to meet the obligations of a business in case of default. Commercial paper: uncollateralized loans obtained by companies, usually on a short-term basis.

Clause in a bond loan agreement linking the amount of the nominal claim to a material substance or assets or to changes in the price of real (material) values.

Co-signers - Joint signers of a loan agreement who pledge to meet the obligations in case of default. Coupon rate - A bond's annual interest rate. Corporate banking - Financial services for large organizations.

The failure of a company to satisfy its contractual agreements and covenants in loan agreements or mezzanine securities documents.

Default: Failure to follow the terms of a loan agreement, usually by not making payments on time. Deflation: A drop in overall prices, often the result of a shortage of money or credit. Deflation is the opposite of inflation.

Delinquency - failure of a borrower to make timely mortgage payments under a loan agreement. Demand Deposit - checking account funds which are subject to withdrawal at anytime on demand by a member' s written demand (usually a check).

The nominal interest rate is the interest rate stated in a loan agreement or on the face of a debt security. It is the rate at which interest is paid on the stated principal. Non-arm?s length transactions ...

The security or property or loan agreement that an option gives the option holder the right to buy or to sell. Underlying debt ...

Debt: A liability in the form of a bond, loan agreement, or mortgage, owed to someone else with the promise of repayment by a certain date, the debt's maturity.

A part of the indenture or loan agreement that limits certain actions a company may take during the term of the loan to protect the lenders interests. Protective put buying strategy ...

Underlying asset The security or property or loan agreement that an option gives the option holder the right to buy or to sell.

Positive Covenants: Promises made under a loan agreement by the borrower to undertake certain actions. Potential Default: A condition where a default would occur in time or where a notice or default event has not yet been formalized.

Firm Commitment 1. A lending institution's promise to enter into a loan agreement with a specific entity, within a certain period of time.

(1) A fee paid (usually on a bi-annual or quarterly basis) by the borrower to compensate his bank for engaging funds under a specific loan agreement, i.e. the fee on the available but undrawn portion of the financial arrangement.

If the borrower defaults and fails to fulfill the terms of the loan agreement, the collateral, or some portion of it, may become the property of the lender.

Loan A contract between two parties whereby a lender agrees to give funds to a borrower. The loan agreement specifies terms for repayment of the borrowed funds.

Seizure of COLLATERAL by a CREDITOR when DEFAULT under a loan agreement occurs.

Default. The failure of a debtor to comply with a provision of a bond indenture or loan agreement (commonly known as a technical default) or to make timely payment of interest or principal when due.

A consumer's legal right to cancel or rescind a contract, such as a loan within three business days of signing the loan agreement, without risk of penalty or loss. Risk In investing, it is the likelihood of loss or poor returns.

I guess I think you're lucky they don't go after you for fraud, since it was pretty clear you hadn't signed another loan agreement and banks a) don't give away free money, and b) don't issue new loans without an application and an agreement.

Idle Funds Funds in an account that are in excess of the compensating balance requirement and that have not be invested or put to use. The compensating balance requirement is specified by the loan agreement to compensate for services, checks, etc.

Assets with monetary value, such as stocks, bonds, or real estate, that are used to guarantee a loan are considered collateral. If the borrower defaults and fails to fulfill the terms of the loan agreement, the collateral, or some portion of it, ...

The borrower will be making monthly payments into the escrow account as stated on the loan agreement and the escrow account will be used by lenders to pay homeowners and mortgage insurance and any property-related taxes.

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