lending transactions
1lending 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 &… …
2lending 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 &… …
3International Securities Lending Association — (ISLA) England, Wales The trade association representing the common interests of participants in the securities lending industry. It publishes the Global Master Securities Lending Agreement (GMSLA) which is the standard form agreement used in… …
4Predatory lending — describes unfair, deceptive, or fraudulent practices of some lenders during the loan origination process. While there are no legal definitions in the United States for predatory lending, an audit report on predatory lending from the office of… …
5Truth in Lending Act — The Truth in Lending Act (TILA) of 1968 is a United States federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs. The statute is contained in title I… …
6Person-to-person lending — (also known as peer to peer lending, peer to peer investing, and social lending; abbreviated frequently as P2P lending) is a certain breed of financial transaction (primarily lending and borrowing, though other more complicated transactions can… …
7Solidarity lending — is an important building block of microfinance. How it WorksSolidarity lending takes place through ‘solidarity groups’. These groups are a distinctive banking distribution channel used primarily to deliver microcredit to poor people. Solidarity… …
8Maiden Lane Transactions — refers to three limited liability companies created by the Federal Reserve Bank of New York in 2008 as a financial vehicle to facilitate transactions involving three entities: the former Bear Stearns company as the first entity, the former… …
9Truth in Lending Act — (TILA) A federal law that requires lenders to disclose the true cost of credit transactions by providing certain information to borrowers, including the terms of a loan, interest rates, and the number, amount, and due dates of all payments… …
10Truth In Lending Act - TILA — A federal law enacted in 1968 with the intention of protecting consumers in their dealings with lenders and creditors. The Truth in Lending Act was implemented by the Federal Reserve through a series of regulations. The most important aspects of… …
