Bi-Weekly Mortgage Loan

Business / Finance / Bi-Weekly Mortgage Loan: A mortgage loan on which interest and principal payments are made every half-month (total of 26 payments) as opposed to monthly payments. This results in earlier loan retirement.

Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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Nonrecourse Loans

Business / Agriculture / Nonrecourse Loans: Farmers or processors participating in government commodity programs may pledge certain stored commodities as collateral and obtain a loan from the CCC at a commodity-specific, per-unit loan rate. The MORE

Nonrecourse Loan

Business / Finance / Nonrecourse Loan: A loan taken by limited partners used to finance their portion of the partnership, which is secured by their ownership in the venture. MORE

Nonpurpose Loan

Business / Finance / Nonpurpose Loan: A loan with securities pledged as collateral, but which is not to be used in securities trading or transactions. MORE

Open End Mortgage

Business / Debt / Open End Mortgage: A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions, usually as to the assets of the mortgage. 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

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

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