loan institution
51Federal Savings and Loan Insurance Corporation — The Federal Savings and Loan Insurance Corporation (FSLIC) was an institution that administered deposit insurance for savings and loan institutions in the United States. It was abolished in 1989 by the Financial Institutions Reform, Recovery and… …
52Recourse Loan — A type of loan that allows a lender to seek financial damages if the borrower fails to pay the liability, and if the value of the underlying asset is not enough to cover it. A recourse loan allows the lender to go after the debtor s assets that… …
53Senior Bank Loan — A debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to the borrower s assets above all other debt obligations. The loan is considered senior to all other claims against… …
54thrift institution — n. A savings and loan or savings bank; also called a thrift The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. thrift institution …
55thrift institution — An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. Bloomberg Financial Dictionary * * * thrift institution UK US noun [C] (also thrift) BANKING, PROPERTY …
56savings and loan association — One of a number of types of mutually owned, cooperative, savings associations, originally established for the primary purpose of making loans to members and others, usually for the purchase of real estate or homes; though in the 1980 s S & L s… …
57Midwest Federal Savings & Loan — Midwest Federal Savings and Loan was an American bank headquartered in Minneapolis, Minnesota. Starting in the mid 1960s, its headquarters were located at 801 Nicollet Mall in what is now called the Midwest Plaza. Midwest Federal was in business… …
58Building And Loan Associaiton — It is a depository financial institution that is federally or state chartered, that specializes in collecting savings deposits from customers and investing it in residential mortgage loan. Building and Loan Associations are usually mutually held …
59depository institution — A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. Bloomberg Financial Dictionary * * * depository institution… …
60low-doc loan — /loʊ dɒk ˈloʊn/ (say loh dok lohn) noun Colloquial a loan from a lending institution, such as a bank, for which minimal documentation of the borrower s ability to service the loan is required. Compare no doc loan. Also, lo doc loan …
