Tag: loans

What is 'Federal Direct Loan Program ' A program that provides low-interest loans to postsecondary students and their parents. The William D....

What is the 'Federal Discount Rate' The federal discount rate is the interest rate set by the Federal Reserve on loans offered...

What is 'Farm Credit System - FCS' The Farm Credit System is a nationwide network of cooperative banks and associations that provide...

DefinitionIn sports, a farm team, farm system, feeder team, practice squad, or nursery club, is generally a team or club whose role is to...

DefinitionThe Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal...

DefinitionThe Federal Home Loan Bank Act, is a United States federal law passed under President Herbert Hoover in order to lower the cost of...

What is the Federal Home Loan Bank System (FHLB)? The Federal Home Loan Bank System is a network of 12 regional banks that provide financial...

Definition A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. This allows...

What is a 'Waterfall Payment' A waterfall payment is a type of payment scheme in which higher-tiered creditors receive interest and principal...

A warehouse bond is a type of surety bond that guarantees payment for goods that are stored in a bonded warehouse. The bond is...