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:
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 formal contract between a borrower and a lender which sets out the terms and conditions of the loan. Also known as a Facility Agreement.
Loan approval fee - a fee payable once a loan has been approved by a lender.
[edit] Loan Agreement
An agreement between the project company (borrower) and the lenders. Loan agreement governs relationship between the lenders and the borrowers.
Loan Agreement - Agreement to be executed by borrower, containing pertinent terms, conditions, covenants and restrictions.
Loan Agreement; including a statement regarding collateral.
Loan History/Activity; including the month subsequent to the Fiscal Year End.
Crop Budget or Financial Statements used to obtain the loan.
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 provision allowing the lender to deduct payments from an employee's wages in case of default.
Wage-push inflation
Inflation caused by skyrocketing wages.
Waiting period ...
A loan agreement contains all the terms and conditions under which the lender will lend the borrower the money.
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 ...
A loan agreement that grants to the lender a lien on property other than real estate. Chattel is personal or movable property.
Chief Executive Officer (CEO) ...
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: ...
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.
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 ...
Consent to Loan Agreement
An agreement margin customers must sign to authorize the brokerage firm to lend the customer's securities to itself or other firms.
Consideration ...
CONSTRUCTION LOAN AGREEMENT A written agreement between a lender and/or a borrower and a builder in which the specific terms and conditions of construction and/or the construction loan, including the schedule of payments, are spelled out.
Entering into a loan agreement as a borrower makes you legally responsible to pay back the
lender, or else they can take you to court.
Call Option
Loan agreement clause allowing the lender to ask for the balance due at any time.
A provision of a loan agreement that lets a lender demand payment of the full balance under specified circumstances, such as sale of the property, default or refinancing.
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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.
A deficiency in a loan agreement that arises not from a failure to make payments as promised, but from a failure to uphold some other aspect of the loan terms.
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.
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.
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.
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.
An increase in the principal balance of a loan caused when the loan agreement allows for scheduled payments that are less than the interest payments over that same time period.
A loan "secured by your home" means that, under the loan agreement, the lender has the right to take the house ("foreclose") if you don't make the payments.
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.
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.
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.
Prior charges refers to a lender's right to the first claim on a borrower's assets under a loan agreement. The lender would be paid first in the event of a liquidation of the assets.
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.
Express stipulations included in loan agreements that are designed to monitor
corporate performance and restrict corporate acts, affording added protection to the lender.
Negative Loan Covenants ...
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.
CASH FLOW RECAPTURE CLAUSE - A loan agreement or bond indenture provision that requires the borrower to...
CASH FLOW STATEMENT - see STATEMENT OF CASH FLOWS.
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 ...
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).
Failure of the borrower to honor the terms of the loan agreement. Lenders (and the law) usually view borrowers delinquent 90 days or more as in default.
Deferred interest
Same as negative amortization.
Your credit will be checked when you enter into any kind of loan agreement, even signing up for a cell phone. Check out the Federal Trade Commission’s Web site for more Credit Facts for Consumers.
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.
Proxy ...
There is typically a maximum (or ceiling) and a minimum (or floor) defined in the loan agreement. If interest rates rise, so does the loan payment. If interest rates fall, the loan payment may as well.
Adverse Action: ...
Underlying asset
The security or property or loan agreement that an option gives the option holder the right to buy or to sell.
Firm Commitment
1. A lending institution's promise to enter into a loan agreement with a specific entity, within a certain period of time.
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.
(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.
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.
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.
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, ...
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.
 See also: Expense, Banks, Job, Saving, Values
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