Tag: loan

DefinitionDebt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a...

What is 'Day Loan' A temporary transfer of funds from a bank to an individual broker or a brokerage firm that is...

What is 'Daisy Chain' Daisy chain is a term used to describe a group of unscrupulous investors who, when practicing a kind...

What is 'Large Value Transfer System - LVTS' An electronic wire payment system in Canada, facilitating the transfer of funds between large...

DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by...

Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....

What is 'Unchanged' A situation in which the price or rate of a security does not change between two periods. This can...

What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...

DefinitionIn finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a...

What is 'Uncommitted Facility' An uncommitted facility is an agreement between a lender and a borrower where the lender agrees to make...