commercial loan
121Omega Performance — Corporation is a United States based performance improvement company that primarily serves financial services organizations from major offices in over a dozen countries around the world. Commonly referred to as Omega, the company provides… …
122Balloon Payment — An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, the remaining balance is due as a final repayment to the lender. Balloon… …
123Future Advance — A clause in a mortgage which enables the lender to advance funds after the loan closing. The initial agreement of the loan remains intact in that no additional collateral is required, and no refinancing is necessary. Future advance can refer to a …
124Economy of Haiti — Haiti is the poorest country in the Western Hemisphere; however its potential for leaving its long associated status is growing. Two thirds of all Haitians depend on the agriculture sector, mainly small scale subsistence farming, and remain… …
125Amresco — was the new name given to Financial Resource Management, Inc. (FRMI), a subsidiary of the NCNB Texas National Bank in 1992. The subsidiary was created in 1990 after NCNB s name took a beating in the Texas market, after it successfully bidded and… …
126Net interest spread — refers to the difference in borrowing and lending rates of financial institutions (such as banks) in nominal terms. It is considered analogous to the gross margin of non financial companies. Net interest spread is expressed as interest yield on… …
127Event of default — is a term used in commercial loan documentation. It refers to the occurrence of an event which allows the lender to demand repayment of the loan in advance of its normal due date (also known as accelerating the loan). In a revolving credit… …
128anticipated income doctrine of liquidity — An explanation of bank liquidity developed by Herbert Prochnow, in which the net cash flow of bank borrowers, rather than subsequent new borrowings, is seen as the true source of loan repayments. Accordingly, to the extent that loans are written… …
