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Definition of Equivalent loan
Given the after-tax stream associated with a lease, the maximum amount of conventional
A loan in which two companies in separate countries borrow each other's currency for a
Bond yield calculated on an annual percentage rate method. Differs from annual
The method used for computing the bond-equivalent yield.
The annualized yield to maturity computed by doubling the semiannual yield.
Related: Call money rate.
A mortgage loan on newly developed property that the builder subsidizes during the
A bank term loan that calls for no amortization.
The value of assets that can be converted into cash immediately, as reported by a
A short-term security that is sufficiently liquid that it may be considered the financial
Temporary investments of currently excess cash in short-term, high-quality
An amount that would be accepted in lieu of a chance at a possible higher, but
A convertible security that is traded like an equity issue because the optioned
Rate of return required on a par bond to produce the same after-tax yield to
True interest cost expressed on the basis of a 365-day year.
Overnight, collateralized loan made to a dealer financing his position by borrowing from a
Equivalent annual annuity
The equivalent amount per year for some number of years that has a present
Equivalent annual benefit
The equivalent annual annuity for the net present value of an investment project.
Equivalent annual cash flow
Annuity with the same net present value as the company's proposed investment.
Equivalent annual cost
The equivalent cost per year of owning an asset over its entire life.
Equivalent bond yield
Annual yield on a short-term, non-interest bearing security calculated so as to be
Equivalent taxable yield
The yield that must be offered on a taxable bond issue to give the same after-tax
Federal Home Loan Banks
The institutions that regulate and lend to savings and loan associations. The
Also called a busted convertible, a convertible security that is trading like a straight
A loan on which the rate paid by the borrower is fixed for the life of the loan.
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
loan made by one unit of a corporation to another unit of the same corporation.
A secured short-term loan to purchase inventory. The three basic forms are a blanket
loans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or
Loan amortization schedule
The schedule for repaying the interest and principal on a loan.
Group of banks sharing a loan. See: syndicate.
The amount a policyholder may borrow against a whole life insurance policy at the interest rate
Give the borrower the possibility of drawing a loan in different currencies.
loans usually represented by conventional mortgages on multi-family rental apartments.
A process whereby two companies in different countries borrow each other's currency for a
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
Project loan securities
Securities backed by a variety of FHA-insured loan types - primarily multi-family
Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes,
Savings and Loan association
National- or state-chartered institution that accepts savings deposits and
loan to finance current assets, The sale of the current assets provides the cash to repay
A bank loan, typically with a floating interest rate, for a specified amount that matures in between
A loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving
Variable rate loan
loan made at an interest rate that fluctuates based on a base interest rate such as the
CASH AND CASH EQUIVALENTS
The balance in a company’s checking account(s) plus short-term or temporary investments (sometimes called “marketable securities”), which are highly liquid.
Amounts that have been loaned to the company and that it still owes.
Bond Equivalent Yield
Bond yield calculated on an annual percentage rate method
equivalent units of production (EUP)
an approximation of the number of whole units of output that could have been
equivalent annual cost
The cost per period with the same present value as the cost of buying and operating a machine.
Highly liquid, fixed-income investments with original maturities of three months or less.
Express stipulations included in loan agreements that are designed to monitor
Negative Loan Covenants
loan covenants designed to limit a corporate borrower's behavior
Positive Loan Covenants
loan covenants expressing minimum and maximum financial measures
A short term loan to cover the immediate cash requirements until permanent financing is received.
Instruments or investments of such high liquidity and safety that they are virtually equal to cash.
A loan which must be repaid in full on demand.
Farm Improvement and Marketing Cooperatives Loans Act
Fixed Rate Loan
loan for a fixed period of time with a fixed interest rate for the life of the loan.
Borrowed funds having a fixed interest rate.
A loan advanced under an operating line of credit.
A secured loan made to business concerns for a specific period (normally three to ten years). It is repaid with interest, usually with periodical payments.
A lump sum that you borrow from a financial institution for a specified period of time. To repay the loan, you pay interest on the entire lump sum, and make payments on a scheduled basis.
secured loan or line of credit
A lump sum of funds (loan), or a revolving source of credit with a pre-established limit (line of credit), for which the customer must provide collateral.
Commercial Business Loan (Credit Insurance)
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
Adjustable rate mortgage. A mortgage that features predetermined adjustments of the loan interest rate
This term has two quite different meanings. First, it may
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