borrower of money
21Hard Money Loan — A loan of last resort or a short term bridge loan. Hard money loans are backed by the value of the property, not by the credit worthiness of the borrower. Since the property itself is used as the only protection against default by the borrower,… …
22Hard money loan — A hard money loan is a specific type of asset based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional… …
23Credit money — is any claim against a physical or legal person that can be used for the purchase of goods and services.[1] Examples of credit money include personal IOUs, and in general any financial instrument or bank money market account certificate, which is …
24lending or loaning money or credit — Transactions creating customary relation of borrower and lender, in which money is borrowed for fixed time on borrower s promise to repay amount borrowed at stated time in future with interest at fixed rate. Bannock County v. Citizens Bank &… …
25lending or loaning money or credit — Transactions creating customary relation of borrower and lender, in which money is borrowed for fixed time on borrower s promise to repay amount borrowed at stated time in future with interest at fixed rate. Bannock County v. Citizens Bank &… …
26The Giant Pool of Money — is an episode of the radio show This American Life which originally aired on May 9, 2008. The episode described to a general audience the causes and factors which led to the subprime mortgage crisis. Specifically, the show aimed to show the chain …
27lend your money and lose your friend — 1474 CAXTON Game of Chess (1883) III. iv. 112 And herof speketh Domas the philosopher and sayth that my frende borrowed money of me And I haue lost my frende and my money attones [simultaneously]. 1600–1 SHAKESPEARE Hamlet I. iii. 75 Neither a… …
28Purchase-Money Mortgage — A mortgage issued to the borrower by the seller of the home as part of the purchase transaction. This is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels. This is also known as seller… …
29borrowing money — See borrow; borrower; loan …
30loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you …
