Tag: student

What does 'Past Due' mean Past due is a loan payment that has not been made as of its due date. A borrower who is...

What is 'Passbook Loan' A personal loan extended to a savings-account holder by the custodial bank. Passbook loans use the balance of...

DefinitionA parallel loan is two loans taken out by two pairs of companies in different countries from local lenders with the aim of swapping...

What is 'Qualifying Disposition' A sale, transfer or exchange of stock obtained through a qualified stock option incentive plan, namely incentive stock...

What is 'Qualified Higher Education Expense' Expenses such as tuition and tuition related expenses that an individual, spouse, or child must pay...

DefinitionA Venn diagram is a diagram that shows all possible logical relations between a finite collection of different sets. These diagrams depict elements as...

What is a 'Variable Interest Rate' A variable interest rate is an interest rate on a loan or security that fluctuates over...

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

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 'Waiver Of Exemption' A provision in a consumer credit contract or loan agreement that permitted creditors to seize or threaten...