Jumbo Loan

Business / Finance / Jumbo Loan: Loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or securitization by the federal agencies.

Other Words for Jumbo

Jumbo Verb Synonyms: huge, gigantic, enormous, elephantine, immense, oversized, king-sized, humongous
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Other Words for Loan

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

Business / Loan / Jumbo Loans: Loans which exceed the Fannie Mae guidelines for loan size and amount. Jumbo loans may have different guidelines from a 'conforming' loan. MORE

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

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

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

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