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Mortgager |
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Definition of MortgagerMortgagerThe borrower of a loan secured by property.
Related Terms:Back-to-back loanA loan in which two companies in separate countries borrow each other's currency for a Borrower falloutIn the mortgage pipeline, the risk that prospective borrowers of loans committed to be Broker loan rateRelated: Call money rate. Builder buydown loanA mortgage loan on newly developed property that the builder subsidizes during the Bullet loanA bank term loan that calls for no amortization. Dealer loanOvernight, collateralized loan made to a dealer financing his position by borrowing from a Equivalent loanGiven the after-tax stream associated with a lease, the maximum amount of conventional Federal Home Loan BanksThe institutions that regulate and lend to savings and loan associations. The Fixed-rate loanA 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 Intercompany loanloan made by one unit of a corporation to another unit of the same corporation. Inventory loanA secured short-term loan to purchase inventory. The three basic forms are a blanket Jumbo loanloans of $1 billion or more. Or, loans that exceed the statutory size limit eligible for purchase or Loan amortization scheduleThe schedule for repaying the interest and principal on a loan. Loan syndicationGroup of banks sharing a loan. See: syndicate. Loan valueThe amount a policyholder may borrow against a whole life insurance policy at the interest rate Multicurrency loansGive the borrower the possibility of drawing a loan in different currencies. Multifamily loansloans usually represented by conventional mortgages on multi-family rental apartments. Parallel loanA 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 securitiesSecurities backed by a variety of FHA-insured loan types - primarily multi-family Project loansUsually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes, Property rightsRights of individuals and companies to own and utilize property as they see fit and to receive Savings and Loan associationNational- or state-chartered institution that accepts savings deposits and Secured debtDebt that, in the event of default, has first claim on specified assets. Self-liquidating loanloan to finance current assets, The sale of the current assets provides the cash to repay Separation propertyThe property that portfolio choice can be separated into two independent tasks: 1) Term loanA bank loan, typically with a floating interest rate, for a specified amount that matures in between Transaction loanA loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving Unsecured debtDebt that does not identify specific assets that can be taken over by the debtholder in case of default. Variable rate loanloan made at an interest rate that fluctuates based on a base interest rate such as the PROPERTY AND EQUIPMENTAssets such as land, buildings, machinery, and equipment that the business will use for several Loans payableAmounts that have been loaned to the company and that it still owes. property, plant, and equipmentThis label is generally used in financial Property, plant, and equipmentThis item is comprised of all types of fixed assets secured debtDebt that has first claim on specified collateral in the event of default. Loan CovenantsExpress stipulations included in loan agreements that are designed to monitor Negative Loan Covenantsloan covenants designed to limit a corporate borrower's behavior Positive Loan Covenantsloan covenants expressing minimum and maximum financial measures Bridge LoanA short term loan to cover the immediate cash requirements until permanent financing is received. Demand LoanA loan which must be repaid in full on demand. Farm Improvement and Marketing Cooperatives Loans ActSee here Fixed Rate Loanloan for a fixed period of time with a fixed interest rate for the life of the loan. Loan CapitalBorrowed funds having a fixed interest rate. Operating LoanA loan advanced under an operating line of credit. Term LoanA secured loan made to business concerns for a specific period (normally three to ten years). It is repaid with interest, usually with periodical payments. co-borrowerA co-borrower is the secondary borrower on a borrowing account. The primary borrower will receive mailed monthly statements while the co-borrower has the option to choose whether or not he/she will also receive statements. personal loanA 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 creditA 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. Borrower (Credit Insurance)A consumer who borrows money from a lender. 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. MortgageA loan secured by the collateral of some specified real estate property which obliges the borrower Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |