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Sigma KEE - Loan
KB Term: 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
loan
An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time.
Relationships      
Parents liability account An account for which a person is liable
Children balloon loanA long-term loan, often a mortgage, that has one large payment (the balloon payment) due upon maturity. Often done when refinancing or a major cash flow event is anticipated.
 bank term loanA bank loan terminating in one year or more.
 bridge loanShort-term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan.
 broker loanMoney lent to Brokers by banks, for financing the underwriting of new issues, financing customer margin accounts, and other purposes.
 callable loanA loan that must repaid upon the lender's demand.
 consolidation loanThe replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period.
 day loanA bank loan to a Broker for the purchase of securities pending delivery through clearing later the same day.
 evergreen loanA short-term loan which is continually renewed rather than repaid.
 indexed loanA loan in which payments change in response to changes in an index such as the Consumer Price Index.
 interest only loanA non-amortized loan in which interest is due at regular intervals until maturity, when the full principal on the loan is due.
 piggybank loanTwo lenders participating in the same loan.
 secured loan
 single payment loanA loan whose principal is due in total with a single payment at maturity.
 unsecured loan


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