Category: L

Collateral for a loan pledged for a charge, claim, or lien on asset or property.

Overt or implied contract requiring a lender to deliver to a borrower specific consumable goods, like food, fuel, or material. A type of lend lease. Within a defined or agreed-to period of time, the borrower returns an equal amount of the consumables, as required, to the lender.

Overt or implied contract requiring a lender to deliver to a borrower specific property and/or cash. A type of lend lease. Within a defined or agreed-to period of time, the borrower returns the property, or an agreed-to equivalent as required, to the lender.

Overt or implied contract requiring a lender to deliver to a borrower specific asset. A type of lend lease. Within a defined or agreed-to period of time, the borrower returns the asset or an agreed-to equivalent as required, to the lender.

Banks’ loan rate grading classification system on existing and requested loans based on the borrower’s credit history, repayment risk of owed interest and principal, and the worth of any guaranties or collateral proposed. Also known as loan scoring.

a borrower and a lender signed, written loan agreement filed as a recorded document. T

A noncash expense used on nonperforming loans to boost its loss reserve.

A reserve used to prevent loss of profit on nonperforming loans.

Contract type of loan containing overtly stated terms agreed-to by the lender and the borrower. These terms are the various obligations. The parties have a right to sue the other if these obligations and terms are not met.

Company’s capital in-use that (1) is not equity capital, (2) earns fixed rate interest, not dividends, 3) irrespective of the company’s financial state must be repaid within a specified period, .