Tag: loans
Hard Money
What is 'Hard Money' Hard money consists of funding by a government or organization that is repetitive, rather than a one-time grant....
Hardship Withdrawal
What is 'Hardship Withdrawal' An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In...
Impaired Credit
What is 'Impaired Credit' A deterioration in the creditworthiness of an individual or entity. This is usually reflected through a lower credit...
In-Service Withdrawal
What is 'In-Service Withdrawal' A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event,...
Immediate Credit
What is 'Immediate Credit' The Federal Reserve practice of "clearing" checks deposited by member banks on the same day they're deposited. This...
Impaired Capital
What is 'Impaired Capital' 1. When a bank's actual assets are worth less than their stated value. When a bank has impaired...
Offset Mortgage
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...
One-Bank Holding Company
What is 'One-Bank Holding Company' A corporation that holds at least a quarter of the voting stock of a commercial bank. One-bank...
Off-Premise Banking
What is 'Off-Premise Banking' Any bank location other than its main location that provides banking services of any kind that don't require...
Office Of Thrift Supervision (OTS)
What is the Office of Thrift Supervision (OTS)?
The Office of Thrift Supervision (OTS) is a federal regulator of savings and loan associations, savings banks,...