Loan Basics
Learn the language of loans. From key credit ratios to the various types of loans that you or your business can obtain to help you grow.
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Collateral Definition
Collateral is an asset that a lender accepts as security for extending a loan. If the borrower defaults, then the lender may seize the colla...
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Lender Definition
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Loan – Definition
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Five Cs of Credit
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Learn About APR, APY, and EAR Interest Rates
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Interest Rate vs. APR: What's the Difference?
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Applicable Federal Rate (AFR) Definition
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Balloon Payment Definition
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Grace Period Definition
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Guarantor Definition
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IOU Definition
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Line of Credit (LOC) Definition
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NINJA Loan Definition
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Trade Line Definition
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Add-On Interest Definition
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Asset-Based Lending Definition
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Balloon Loan Definition
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Bullet Repayment Definition
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Credit Facility Definition
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Default Rate Definition
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Exposure at Default (EAD) Definition
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Fixed-Rate Payment Definition
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Loan Commitment Definition
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Periodic Interest Rate Definition
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Term Loan Definition
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Total Debt Service Ratio – TDS Definition
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Variable Interest Rate Definition
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Senior Bank Loan Definition
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Guaranteed Loan – Definition
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Recourse Loans vs. Non-Recourse Loan: What's the Difference?
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A Bank Guarantee vs. a Letter of Credit: Understanding the Difference
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Bank Confirmation Letter (BCL)
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Bridge Loan
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Covenant-Lite Loan Definition
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Haircut Definition and Example
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Leveraged Loan Definition
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Negative Pledge Clause Definition
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Nonperforming Loan – NPL – Definition
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Non-Recourse Debt Definition
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Prepayment Definition
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Purchase Money Security Interest (PMSI) Definition
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Rule of 78 Definition
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Unsecured Loan – Definition
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Warehouse Lending Definition
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Loan Shark Definition
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Whole Loan Definition
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Non-Recourse Finance Definition
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Revolver Definition
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Revolving Loan Facility Definition
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Standby Letter of Credit (SLOC) Definition
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Loan Officer Definition
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Soft Loan Definition
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Loan Modification Definition
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Swingline Loan Definition
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Call Loan – Definition
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Classified Loan – Definition
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Loan Production Office (LPO)
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Senior Loan Officer Opinion Survey on Bank Lending Practices (SOSLP) Definition
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High Ratio Loan Definition
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Evergreen Loan Definition
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Interest Rate Floor Definition
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