Tag: loans

What is 'Hard Loan' A foreign loan that must be paid in the currency of a nation that has stability and a...

DefinitionA home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The...

What is 'Hard Money' Hard money consists of funding by a government or organization that is repetitive, rather than a one-time grant....

What is 'Hardship Withdrawal' An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In...

What is 'Impaired Credit' A deterioration in the creditworthiness of an individual or entity. This is usually reflected through a lower credit...

What is 'In-Service Withdrawal' A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event,...

What is 'Immediate Credit' The Federal Reserve practice of "clearing" checks deposited by member banks on the same day they're deposited. This...

What is 'Impaired Capital' 1. When a bank's actual assets are worth less than their stated value. When a bank has impaired...

Definition The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first...

What is 'One-Bank Holding Company' A corporation that holds at least a quarter of the voting stock of a commercial bank. One-bank...