|Project loan certificate (PLC)|
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: credit, accounting, financial advisor, inventory, finance, stock trading, investment, payroll,
Definition of Project loan certificate (PLC)
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
A loan in which two companies in separate countries borrow each other's currency for a
A short term loan to cover the immediate cash requirements until permanent financing is received.
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.
Also called a time deposit, this is a certificate issued by a bank or thrift that
A bank deposit that cannot be withdrawn for a specified period of time. See also term deposit.
An agreement between a creditor and a borrower, where the creditor has loaned an amount to the borrower for business purposes.
A project with a negative initial cash flow (cash outflow), which is expected to be
Overnight, collateralized loan made to a dealer financing his position by borrowing from a
A loan which must be repaid in full on demand.
certificates issued by a trust that was formed to purchase an asset and lease it
Given the after-tax stream associated with a lease, the maximum amount of conventional
The institutions that regulate and lend to savings and loan associations. The
A loan on which the rate paid by the borrower is fixed for the life of the loan.
Fixed Rate Loan
loan for a fixed period of time with a fixed interest rate for the life of the loan.
Freddie Mac (Federal Home Loan Mortgage Corporation)
A Congressionally chartered corporation that
GMCs (guaranteed mortgage certificates)
First issued by Freddie Mac in 1975, GMCs, like PCs, represent
Guaranteed Interest Certificate (GIC)
Interest bearing investment with fixed rate and term.
guaranteed investment certificate (GIC)
A GIC is an investment that gives you a guaranteed rate of return over a fixed period of time, usually between 30 days and 5 years. GICs are available from banks, trust companies, and other financial institutions.
A project whose acceptance or rejection is independent of the acceptance or rejection of
an investment project that has no specific
A situation where an increase (or decrease) in the benefits of one
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.
Borrowed funds having a fixed interest rate.
Express stipulations included in loan agreements that are designed to monitor
Group of banks sharing a loan. See: syndicate.
The amount a policyholder may borrow against a whole life insurance policy at the interest rate
Amounts that have been loaned to the company and that it still owes.
A project, such as digging holes and filling them up again, that has no useful purpose other than to make work.
Give the borrower the possibility of drawing a loan in different currencies.
loans usually represented by conventional mortgages on multi-family rental apartments.
mutually exclusive projects
a set of proposed capital projects from which one is chosen, causing all the others to be rejected
mutually exclusive projects
Two or more projects that cannot be pursued simultaneously.
mutually inclusive projects
a set of proposed capital projects that are all related and that must all be chosen if the primary project is chosen
Negative Loan Covenants
loan covenants designed to limit a corporate borrower's behavior
Negotiated certificate of deposit
A large-denomination CD, generally $1MM or more, that can be sold but
A loan advanced under an operating line of credit.
A process whereby two companies in different countries borrow each other's currency for a
personal line of credit (PLC)
A revolving source of credit with a pre-established limit. You access the funds only as you need them, and any amount that you pay back becomes accessible to you again. Unlike a personal loan, a plc permits you to write cheques and make bank machine withdrawals, and requires you to pay interest only on the funds that you actually use.
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.
Positive Loan Covenants
loan covenants expressing minimum and maximum financial measures
An investment opportunity for a company
the purchase, installation, and operation of a capital asset
project cost of capital
Minimum acceptable expected rate of return on a project given its risk.
Debt finance, usually non-recourse, provided by financial institutions for the development and construction of a new project.
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,
Project notes (PNs)
project notes are issued by municipalities to finance federally sponsored programs in
Projected available balance
The future planned balance of an inventory item,
Projected maturity date
With CMOs, final payment at the end of the estimated cash flow window.
Future-oriented financial information prepared using assumptions that reflect the entity's planned courses of action for the period.
Savings and Loan association
National- or state-chartered institution that accepts savings deposits and
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.
loan to finance current assets, The sale of the current assets provides the cash to repay
A document that identifies a stockholder’s ownership share in a corporation.
Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased
A bank loan, typically with a floating interest rate, for a specified amount that matures in between
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.
total expected value (for a project)
the sum of the individual cash flows in a probability distribution multiplied by their related probabilities
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
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.