Beneficial Loan

Business / Debt / Beneficial Loan: A loan made by an employer to an employee on which interest is either not charged or is less than the official rate. The difference between the interest charged and the official rate is taxable.

Other Words for Beneficial

Beneficial Adjective Synonyms: advantageous, serviceable,eful, profitable, helpful, supportive, favorable, constructive, good
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Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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Parallel Loan

Business / Finance / Parallel Loan: A process whereby two companies in different countries borrow each other's currency for a specific period of time, and repay the other's currency at an agreed maturity for the purpose of reducing fore MORE

Participation Loan

Business / Finance / Participation Loan: A large loan made by a group of lenders, that enables a borrower to obtain financing above the legal lending limit of an individual lender. MORE

Personal Loan

Business / Debt / Personal Loan: Loans available from banks and other financial institutions to private individuals for personal use such as the purchase of a motor vehicle, holiday or similar item are personal loans. Repayment perio MORE

Piggyback Loans

Business / Real Estate / Piggyback Loans: A loan divided into two parts with one lender taking a secondary security position. MORE

Package Loan

Business / Real Estate / Package Loan: A real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances. MORE

Open-End Loan

Business / Loan / Open-End Loan: A loan that permits the borrower to draw money from time to time up to a credit limit. A home equity line of credit (HELOC) is an open-end loan secured by a home. MORE

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