Secured Loan

Business / Debt / Secured Loan: A loan which is backed up by assets belonging to the borrower (normally property) in order to decrease the risk taken on by the lender. Mortgages and some personal loans are secured loans. If you don't maintain your repayments, your property can be at risk of repossession.

Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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Home Equity Loan

Business / Loan / Home Equity Loan: A loan made to a current homeowner that is secured by the equity in the home. MORE

Unsecured Loan

Business / Debt / Unsecured Loan: An unsecured loan is a loan where the lender has no entitlement to any of the borrower's assets in the event of the borrower failing to make the loan repayments. Such a loan normally carries a higher MORE

Portfolio Loan

Business / Real Estate / Portfolio Loan: A loan originated and maintained by the lender and not sold in the secondary mortgage market. MORE

Prime Loan

Business / Loan / Prime Loan: A loan offered to borrowers with better credit history (sometimes called 'A' loans). Prime loans generally are priced lower and cost the borrower less. MORE

Project Loan Certificate (PLC)

Business / Finance / Project Loan Certificate (PLC): A primary program of Ginnie Mae for securitizing FHA-insured and coinsured multifamily, hospital, and nursing home loans. MORE

Project Loan Securities

Business / Finance / Project Loan Securities: Securities backed by a variety of FHA-insured loans-primarily multifamily apartment buildings, hospitals, and nursing homes. MORE

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