Convertible Loan

Business / Real Estate / Convertible Loan: An adjustable-rate loan that the borrower can convert to fixed-rate at any time during the life of the loan.

Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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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

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

Participating Convertible Preferred Stock

Business / Finance / Participating Convertible Preferred Stock: Preferred stock that can be converted into common stock at the option of the holder. In contrast, to the usual preferred stock, the value of the preferred stock is refunded to the holder. That is, one 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

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

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