to finance a loan
61Leverage (finance) — In finance, leverage (sometimes referred to as gearing in the United Kingdom) is a general term for any technique to multiply gains and losses.[1] Common ways to attain leverage are borrowing money, buying fixed assets and using derivatives.[2]… …
62balloon loan — A loan for which the final payment, larger than all of the previous, regularly scheduled payments, is due in a lump sum before the loan is fully amortized. The final payment is called a balloon payment. American Banker Glossary * * * balloon loan …
63hard loan — ➔ loan1 * * * hard loan UK US noun [C] FINANCE ► a loan that is made to a government or company in another country and that must be paid back in hard currency → See also LOAN(Cf. ↑loan) → Compare …
64long-term loan — ➔ loan1 * * * long term loan UK US noun [C] FINANCE ► a loan that is to be paid back over a period of time between three and ten years, and sometimes for as long as twenty years: »The program makes long term loans available for purchasing land,… …
65medium-term loan — ➔ loan1 * * * medium term loan UK US noun [C] FINANCE ► a loan that must be paid back between two to ten years after the money is borrowed → Compare LONG TERM LOAN(Cf. ↑long term loan) …
66soft loan — ➔ loan1 * * * A loan with an interest rate below the real cost of borrowing, or with no interest rate at all. The Internation Development Association, an affiliate of the World Bank, provides soft loans to developing countries for long term… …
67Payday Loan — A type of short term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post dated personal check in the amount they wish to borrow plus a fee in exchange for cash. The lender… …
68unsecured loan — a loan that is not backed up by any collateral, such as a home or an automobile offered as security. Glossary of Business Terms * * * unsecured loan unsecured loan ➔ loan1 * * * unsecured loan UK US noun [C] (also signature loan) FINANCE ► a loan …
69demand loan — A loan which can be called by the lender at any time and carries no set maturity date. Bloomberg Financial Dictionary * * * demand loan UK US noun [C] (also call loan) ► FINANCE a loan which has to be paid back when the lender asks for it, rather …
70amortizing loan — ➔ loan * * * amortizing loan UK US (UK also amortising loan) noun [C] ► ACCOUNTING, FINANCE a loan which is paid in small regular amounts that reduce both the money borrowed and the interest payments …
